October 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 13.8% $41.62 16.6% 48,906 8,950 618,502
4 & 5 STAR 44M 20.4% $50.46 24.6% 52,781 0 516,592
3 STAR 53M 12.3% $38.81 14.5% -3,849 8,950 101,910
1 & 2 STAR 28M 6.3% $32.94 7.6% -26 0 0

INDUSTRIAL MARKET

SUB-MARKET RBA VACANCY RATE MARKET RENT AVAILABILITY RATE NET ABSORPTION SF DELIVERIES SF UNDER CONSTRUCT SF
TOTAL: 212M 8.6% $21.63 12.3% -105,798 0 581,490
LOGISTICS 93M 8.9% $17.47 12.3% -33,340 0 374,490
SPECIALIZED INDUSTRIAL 66M 5.4% $19.47 7.9% -30,487 0 0
FLEX 53M 12.2% $31.74 17.6% -41,971 0 207,000

MULTI-FAMILY MARKET

SUB-MARKET UNITS VACANCY RATE ASKING RENT EFFECTIVE RENT ABSORPTION UNITS DELIVERED UNITS UNDER CONSTR UNITS
TOTAL: 292K 5.8% $2,598 $2,495 -226 0 8,128
4 & 5 STAR 70K 10.4% $3,412 $3,165 -195 0 6,115
3 STAR 92K 5.0% $2,603 $2,536 -29 0 2,013
1 & 2 STAR 129K 3.9% $1,932 $1,912 -2 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% $36.04 4.9% 11,697 4,625 95,982
MALLS 13M 9.2% $43.98 5.9% -2,093 0 0
POWER CENTER 12M 3.1% $40.10 4.1% 22,501 0 0
NEIGHBORHOOD CENTER 44M 4.9% $36.99 6.3% 8,101 0 5,300
STRIP CENTER 11M 4.2% $31.09 5.0% -3,512 0 10,885
GENERAL RETAIL 57M 3.1% $33.47 3.8% -13,300 4,625 79,797
OTHER 2M 1.2% $42.12 1.2% 0 0 0

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