November 2026 – San Diego Market Statistics

Office Market

SUB-MARKET RBA VACANCY RATE MARKET RENT AVAILABILITY RATE NET ABSORPTION SF DELIVERIES SF UNDER CONSTRUCT SF
TOTAL: 125M 13.9% $41.78 16.7% (160,112) 8,950 620,502
4 & 5 STAR 44M 20.8% $51.41 25.0% (106,059) 0 518,592
3 STAR 53M 12.3% $38.20 14.5% (26,998) 8,950 101,910
1 & 2 STAR 28M 6.3% $33.24 7.8% (27,055) 0 0

INDUSTRIAL MARKET

SUB-MARKET RBA VACANCY RATE MARKET RENT AVAILABILITY RATE NET ABSORPTION SF DELIVERIES SF UNDER CONSTRUCT SF
TOTAL: 213M 8.6% $21.70 12.3% 62,768 0 650,248
LOGISTICS 94M 8.8% $17.51 12.5% 59,894 0 443,248
SPECIALIZED INDUSTRIAL 66M 5.3% $19.50 7.6% 22,547 0 0
FLEX 53M 12.2% $31.86 17.6% (19,673) 0 207,000

MULTI-FAMILY MARKET

SUB-MARKET UNITS VACANCY RATE ASKING RENT EFFECTIVE RENT ABSORPTION UNITS DELIVERED UNITS UNDER CONSTR UNITS
TOTAL: 293K 5.7% $2,590 $2,488 363 23 7,529
4 & 5 STAR 70K 9.8% $3,394 $3,160 235 0 5,733
3 STAR 93K 5.3% $2,589 $2,513 110 23 1,796
1 & 2 STAR 130K 3.9% $1,941 $1,921 18 0 0

RETAIL MARKET

SUB-MARKET RBA VACANCY RATE MARKET RENT AVAILABILITY RATE NET ABSORPTION SF DELIVERIES SF UNDER CONSTRUCT SF
TOTAL: 137M 4.3% $35.95 4.6% 13,343 9,555 93,979
MALLS 12M 7.9% $44.05 4.6% 47,318 0 0
POWER CENTER 11M 3.3% $40.02 3.8% (166) 0 0
NEIGHBORHOOD CENTER 44M 5.0% $36.85 6.1% (20,264) 0 5,300
STRIP CENTER 11M 4.1% $31.02 4.6% 4,051 4,388 6,497
GENERAL RETAIL 57M 3.3% $33.42 3.7% (17,596) 5,167 82,182
OTHER 2M 1.2% $41.80 1.2% 0 0 0