San Diego Office Vacancy Hits Record 23.7% in Yardi Matrix Data as Asking Rents Slide 4.3%

Yardi Matrix data through September put San Diego's office vacancy at an all-time high of 23.7 percent, fourth-highest among major U.S. markets, while asking rents fell 4.3 percent and an owner-user bank and a discount downtown buyer accounted for the year's two largest office trades.