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Office Insight

United States | San Diego, CA

Report | San Diego Office Insight - Q1 2011

Summary

The San Diego office market started 2011 relatively well with modest net absorption gains after a surge in deal activity in late 2010. Leasing velocity during the quarter slowed significantly however as many tenants halted expansion plans, downsized, or, in some cases, closed their doors. In examining recent white-collar job growth within the labor market, substantial growth will likely occur in coming quarters. Just over 10,000 new professional positions were recorded in the last 12 months which will positively impact absorption.

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