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San Diego Industrial Rents Decline as Vacancy Climbs, Signaling Caution Among Investors

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forklift taking goods into a truck at industrial facility
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The San Diego industrial real estate market is undergoing a period of recalibration as rising vacancies and slower leasing activity temper rent growth and development momentum. According to Newmark’s Q1 2025 report, the average asking rent fell to $1.45 per square foot, a 5.3 percent decline year-over-year. This downturn coincides with an increase in total […]

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