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Downtown San Diego Braces for New Office Development, Higher Vacancies

Wave Comes As Landlords Struggle To Fill Older Buildings
CoStar Analytics
May 31, 2023 | 3:40 P.M.

Downtown San Diego is staring at its deepest pipeline in two decades, as roughly 2.7 million square feet of office and lab space is under construction. With 95% of that space available for lease, there is now more speculative space under construction in the market than at any point this century.

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