The pandemic has acted as a millstone on office leasing in San Diego, which has largely been in a state of paralysis since March. The slowdown in the second quarter, when leasing volume fell to less than half of a typical quarter, has carried over into the third quarter. At the midway point, San Diego was on pace to lease even less space.
Downtown San Diego’s Office Leasing Collapses Amid Coronavirus Pandemic
Vacancy and Availability Rates Reached All-Time Highs During the Third Quarter
By Joshua Ohl
CoStar Analytics
August 19, 2020 | 4:58 P.M.
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