Search
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Ashton: “With less supply and consistent demand over the last five years, the asking rents have steadily increased and have now even surpassed the last peak (2007) in some submarkets.”SAN DIEGO—Like the national average, the San Diego office market has seen rising asking rental rates since 2012, but the velocity of this increase has now surpassed that of the national average, according to a report from JLL. National rents increased 3.6% from the end of 2016 to the end of 2017 and 23.8% since 2010, while San Diego saw a 3.8% year-over-year increase and a 25.9% increase since 2010.
Vacancy has also improved over the national average. The report finds that national direct vacancy for office space rose 20 basis points, while San Diego’s dropped 40 basis points from 2016 to 2017, while average asking-rent growth was very similar to that of the previous year.
*May exclude premium content
Already have an account? Sign In Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
In our exclusive audio interview, NKF's research director Marianne Skorupski says rising office vacancy rates could be a sign that the expansion mode has ended, or at least is taking a breather.
The study provides critical data to better inform decision-making for the public and private sectors alike.
City's top office landlord lists two Broadway towers in strategic shift.
Guide
Sponsored by Placer.ai
The Return to Office: Recovery Still Underway
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Report
Sponsored by Building Engines
The State of Commercial Property Management Technology in 2025
Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.
White Paper
Sponsored by Placer.ai
10 Top Retail Brands To Watch in 2025
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
