Downtown Inventory Purge, Not New Vacancy, Lifts San Diego Office Availability to 21%

Savills' third-quarter numbers show San Diego's office availability rising to 21.0 percent mainly because roughly 2.7 million square feet of obsolete Downtown buildings dropped out of the inventory count, while a single sublease listing pushed UTC higher and an owner-user sale and a large renewal tightened the I-15 Corridor and Sorrento Mesa.