San Diego is coming another strong quarter. Net absorption outpaced deliveries during 2019 Q2 for the fourth straight quarter. That has helped the market maintain high occupancies, a low availability rate, and sturdy fundamentals. In fact, the vacancy rate matched a post recession low during 2019 Q2. Carlsbad led San Diego over the past 12 months with the highest net absorption tally, supported by the completion of ViaSat's campus expansion during May. At the same time, trailing 12-month rent growth was above the long-term average, even as the second quarter showed modest signs of
deceleration...(click for full report).
12 Mo. Deliveries in SF: 920 K
12 Mo. Net Absorption in S: 285 K
Vacancy Rate: 9.9%
12 Mo. Rent Growth: 2.8%
Net absorption ticked up in 2019 Q2, although the vacancy rate remained flat. It is still within range of the all-time low set after 2018 Q3. At the same time, annual rent growth across the region's warehouse, distribution and flex properties was above the long-term average, continuing a trend that has lasted six years. Every submarket in San Diego recorded trailing 12-month rent growth above 5% to end 2019 Q2...(click for full report).
12 Mo. Deliveries in SF: 2.8 M
12 Mo. Net Absorption in SF: 786 K
Vacancy Rate: 5.3%
12 Mo. Rent Growth:5.4%
Strong demand drivers suggest a strengthening in retail demand. The employment profile includes one of the most tech-friendly environments in the country, and life science and tech firms continue to expand. San Diego is a worldwide tourist destination, and those tourists pour billions of dollars into the local economy. Median household incomes continue to grow above the rate of inflation...(click for full report).
12 Mo. Deliveries in SF: 532 K
12 Mo. Net Absorption in SF: 189 K
Vacancy Rate: 3.8%
12 Mo. Rent Growth: 0.3%
Net absorption outpaced deliveries for the second straight quarter after 2019 Q2, and occupancies remained in line with the long-term average after June. As expected, rent growth picked up in 2019 Q2 heading into the summer. But annual rent growth still fell below the long-term average earlier this year for the first time since 2012. The weight of record-high rent levels is expected to keep annual rent growth below that historical benchmark through the forecast...(click for full report).
12 Mo. Delivered Units: 3,348
12 Mo. Absorption Units: 2,374
Vacancy Rate: 4.5%
12 Mo. Rent Growth: 2.4%
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