Sublet Availabilities Pour Into San Diego’s Industrial Market

Sublet space has poured into the industrial and flex markets in San Diego in recent quarters. It eclipsed 3 million square feet at the midway point of 2023 for the first time since 2011, and the current level of 3.4 million square feet is the highest level since 2010. That accounts for 1.6% of San Diego’s total inventory, which is also the highest level since 2010.