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United States | San Diego, CA

Report | San Diego Office Insight - Q4 2015

Summary

San Diego’s office real estate market was inundated with new speculative office deliveries in 2015. The most significant delivery came from the Irvine Company’s 306,000-square-foot One La Jolla Center—the largest delivery of that size in the market since 2010.

These deliveries, however, actually helped to drive up the overall market vacancy rate to 14.4 percent—with 82 percent of these new properties remaining vacant at years end (2015).

Carlsbad actually saw some positives in Q4, posting more than 133,000 square feet of positive net absorption—topping all San Diego County submarkets in that category in the quarter.

Learn more about what’s happening—and what we expect to occur in the coming months—across the San Diego office market in our Q4 US Office Insight.

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