Intelligence

Regional Summaries

Select a state to view available market snapshots

San Diego, CA

Apartment
The 190,201-unit market-rate, investment grade San Diego apartment market finished the fourth quarter of 2016 with ever lower vacancy and continued rent growth. San Diego’s fourth quarter 2016 vacancy rate was 2.8%, according to Reis, down 20 basis points from the prior quarter and down 30 from 12 months earlier. Average asking and effective rents posted 0.9% gains each in the fourth quarter of 2016. The current rates are $1,669 and $1,620 per month. These rates are up 4.5% and 3.9% over 12 months. VIEW APARTMENT LISTINGS >
Industrial
Rents for Reis’s San Diego warehouse/distribution and Flex/R&D markets showed healthy growth in the fourth quarter of 2016. Occupancy dipped for R&D space, while it improved for warehouse/distribution space. Reis reports a 9.0% vacancy rate for 70.2 million square feet of warehouse/distribution space in San Diego County in the fourth quarter of 2016. The rate is down 30 basis points for the quarter and down 70 over 12 months. San Diego’s Flex/R&D and warehouse/distribution rents both posted gains in the fourth quarter of 2016. For warehouse/distribution space, Reis reports the quarter ended with asking and effective rents of $7.97 psf and $7.26 psf, each up 0.8% over the quarter, and up 2.3% and 2.7% over 12 months. For 38.8 million square feet of Flex/R&D space, Reis reports a fourth quarter 2016 vacancy rate of 12.9%, up 10 basis points from the prior quarter, and up 20 over 12 months. Flex/R&D asking and effective rents ended the fourth quarter at $12.48 psf and $11.08 psf, up 0.6% and 0.7% over the quarter, and up 2.4% and 2.6% over 12 months. VIEW INDUSTRIAL LISTINGS >
Office
The San Diego general purpose, multi-tenant office market finished 2016 with modest rent growth and slightly declining vacancy, although the rate itself remains on the high side. Reis reports a fourth quarter 2016 vacancy rate of 14.2%, down 40 basis points over the quarter and down the same amount over the year. San Diego office rents posted another round of modest gains in the fourth quarter, similar to third quarter gains. Reis reports the average asking and effective rents rose 0.2% and 0.3% during the quarter to $31.37 psf and $25.51 psf. The rates are up 2.0% and 2.3%, respectively, over 12 months. VIEW OFFICE LISTINGS >
Retail
Community-neighborhood shopping center rents were strong in the fourth quarter of 2016 in San Diego, while net absorption remained positive, and occupancy was stable. Reis reports a fourth quarter 2016 vacancy rate of 6.3%, down 40 basis points from the prior quarter and down 70 from one year earlier. Community-neighborhood shopping center rents showed improved growth for both asking and effective rates during the fourth quarter. These rates were reported by Reis at $31.21 psf and $28.13 psf, up 1.2% and 1.3% over the quarter, and up 2.0% asking and 2.2% effective over 12 months. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

Commercial Real Estate Market Information

Coldwell Banker Commercial has commercial real estate market statistics to help you find out more about your local commercial real estate market. Whether you are looking for commercial real estate market trends or information on a commercial real estate markets size, we have the commercial real estate market reports you need. If you did not find the commercial real estate market information you were looking for contact us today!

White Papers

 

     

Additional Resources