San Diego MarketBeat Reports

Jolanta Campion • 2/3/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent San Diego MarketBeat reports below.

 

The U.S. economy ended the year on an optimistic note. Businesses continued to add jobs at a healthy clip. Employment in the key office-using sectors increased by 150,000 jobs in the fourth quarter. Consumer confidence remains high. Wages are rising faster than inflation, yielding extra spending power, reflected in the 18.8% increase in online shopping over the holiday season.

Current Marketbeats

Office MarketBeat Report
Q4 2019 San Diego Office Report

As of four quarter 2019, vacancy in the San Diego office market remained unchanged from a year ago due to 1.3 million square feet of new product being added to the existing inventory.

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Office MarketBeat Report
Q4 2019 San Diego Medical Office Report

San Diego’s medical office direct vacancy was 5.4% at the end of 2019, a 10-basis-point rise from the third quarter of 2019, which saw the lowest level of vacancy since 2006. Vacancy was highest in the North County and Mid City submarkets, while lowest in the Central Suburban and I-15 Corridor submarkets, with vacancy rates for every submarket remaining in the single digits for the fifth consecutive quarter.

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Industrial MarketBeat Report
Q4 2019 San Diego Industrial Report

At the end of 2019, San Diego’s industrial direct vacancy was 4.7%, a figure unchanged since the previous quarter and 30 bps higher than a year ago. This slight increase in vacancy is a combination of 1.2 million square feet (msf) of new product – mostly speculative (SPEC) development - being added to the existing inventory over the last year. 

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Retail MarketBeat Report
Q4 2019 San Diego Retail Report

San Diego's retail vacancy, including sublease, increased by 10 basis points (bps) from mid-year 2019 and 40 bps from a year ago to 4.9% at year-end 2019. Current vacancy is 230 bps below the peak rate of 7.2% recorded ten years ago at the end of the last recession (mid-year 2009), as a result of tenants absorbing nearly 2.1 million square feet across the county since then.

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Multifamily MarketBeat Report
Q3 2019 San Diego Multifamily Report

In San Diego, the county wide average rental rate was $2,020 per month as of September 2019, 3.03% higher than a year ago and 8.95% higher than two years ago.

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Investment MarketBeat Report
Mid-Year 2019 San Diego Capital Markets Report

San Diego’s commercial real estate investment market transaction volume for office, industrial, retail and multi-family properties $10 million and greater reached nearly $2.9 billion through the first half of 2019, the highest mid-year sales volume since 2007.

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Investment MarketBeat Report
Mid-Year 2019 San Diego Private Client Report

San Diego’s commercial real estate investment market transactions for office and industrial sales between $1 and $20 million reached $790 million in the first half of 2019, a 42% year-over-year increase compared to the first half of 2018.

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Featured Insights: Current U.S. MarketBeats

Q4 2019 U.S. Office MarketBeat Snapshot
MarketBeat • Office

Office Reports

Remarkably stable vacancy rate reflects solid demand in the fourth quarter of 2019.
Revathi Greenwood • 1/16/2020
Q4 2019 U.S. Industrial MarketBeat Snapshot
MarketBeat • Industrial

Industrial Reports

After a slow start to the year, the industrial market finishes the decade strong.
Carolyn Salzer • 1/16/2020
Q4 2019 U.S. Retail MarketBeat Snapshot
MarketBeat • Retail

Shopping Center Reports

2019 ended on a positive note with consumer spending rising at a healthy pace and retail sales up.
Garrick Brown • 1/17/2020

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