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San Diego Office Market Holds at 13.6% Vacancy as Leasing Slows and Sales Activity Surges to 2.3MM SQFT in Q1

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Pacific Urban Investors, CalPERS, Pacific Multifamily Investors LLC, Pacific Urban Investors, Institutional Multifamily Partners, TechCore, GI Partners, CalEast Solstice, Institutional Logistics Partners
Courtesy of Daniel Guerra on Unsplash
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Demand remains selective across submarkets as rents stabilize near $3.14 PSF and investment activity shifts toward discounted and value-add opportunities San Diego’s office market is settling into a more measured phase, where activity continues but with clearer distinctions between asset quality and pricing expectations. The first quarter of 2026 reflects that shift, with stable vacancy, […]

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