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Office Insight

United States | San Diego, CA

Report | San Diego Office Insight - Q3 2015

Summary

Qualcomm recently announced the layoff of 1,314 employees in San Diego, the largest since 2009. As the largest private employer in San Diego County, this does not bode well for the region.

Qualcomm owns about 4 million square feet and leases another 1 million of office space and is a major occupier in the Sorrento Mesa submarket. In the near term, the technology company will likely not renew more than 300,000 square feet of space in the Sorrento Mesa, Del Mar Heights, and UTC/Eastgate submarkets.

Learn more about what’s happening—and what we expect to occur in the coming months—in the San Diego office market.

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