San Diego Office Rents Reach Record High Amid Historic Vacancy and Tepid Leasing

The San Diego office market is facing a critical juncture as historic levels of vacancy and sluggish leasing activity contrast with a record surge in construction deliveries. According to Newmark’s Q1 2025 report, the average asking rent reached a new high of $3.50 per square foot, a 3.8 percent increase year-over-year, driven by newly delivered […]