O F F I C E
The vacancy rate ticked up in 2020 after 2019 ended with the lowest rate in more than a decade. That came after several sizable move-outs in Kearny Mesa and Sorrento Mesa in 20Q1. And while rent growth is expected to begin falling in 2020, trailing 12-month rent growth during 20Q2 was still above the long-term average...(contact us today to request full report).
12 Mo. Deliveries in SF
310 K
12 Mo. Net Absorption in SF
(375 K)
Vacancy Rate
9.8%
12 Mo. Rent Growth
4.0%
I N D U S T R I A L
The vacancy rate ticked up to its highest level in nearly five years during 20Q2. The county has added more net new supply in the past two years than during any other stretch in the past decade. It was almost entirely supply-induced since net absorption was only negative in two of the past eight quarters, including 20Q1...(contact us today to request full report).
12 Mo. Deliveries in SF
911 K
12 Mo. Net Absorption in SF
(318 K)
Vacancy Rate
5.9%
12 Mo. Rent Growth
3.7%
R E T A I L
San Diego has become one of the nation's top life science markets. The region is also a worldwide tourist destination, and those tourists pour billions of dollars into the local economy. However, hotel occupancy and tourism have cratered in the wake of the spread of the coronavirus, and it could be a difficult summer for area retailers reliant on tourism to boost their sales. Additionally, as schools, businesses, and countless other ventures have transitioned into a new normal to combat the spread of the coronavirus, the lasting impact on the retail sector is still unknown. But move-ins are already being delayed, and closures will ripple across the region resulting in higher vacancies through the forecast. Co-tenancy clauses in malls could further disrupt occupancies...(contact us today to request full report).
12 Mo. Deliveries in SF
211 K
12 Mo. Net Absorption in SF
(405 K)
Vacancy Rate
4.2%
12 Mo. Rent Growth
3.6%
M U L T I -F A M I LY
After schools, businesses, and countless other venture shave transitioned into a new normal to combat the spread of the
coronavirus, the immediate and lasting impact on the apartment market is still unknown. But demand is expected to slow,
and vacancies may rise above the level of the Great Recession...(contact us today to request full report).
12 Mo. Deliveries in SF
4,154
12 Mo. Net Absorption in SF
2,774
Vacancy Rate
5.3%
12 Mo. Rent Growth
-0.3%
Contact Pacific Coast Commercial for more details
Vince Provenzano | Lic. 00780182
President of Brokerage
+1.619.469.3600
Vince@PacificCoastCommercial.com
Office +1.619.469.3600 | Lic. 01209930
10721 Treena Street, Suite 200
San Diego, CA 92131
www.PacificCoastCommercial.com
The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt Its accuracy, but we do not guarantee it. All information including zoning, financials, leases, square footage, permits and use should be verified during due diligence and prior to completing a purchase or lease.
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