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San Diego Office Market Report

3rd Quarter 2019

Posted In — Market Research | Market Report

After a record-breaking second quarter, the San Diego office market cooled off a bit in the third quarter but demand remains steady. The vacancy rate continues to hover around the record low, and on the other end of the spectrum, asking rental rates soared to yet another all-time record high. Market pricing for sales transactions this quarter remains at an all-time high as well. Although the quarter ended with slight negative absorption for the office market, the overall year-to-date net absorption still remains positive.

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