Sacramento’s retail availability stays flat and low
New construction provides few opportunities
Even with retail brands including Joann, Big Lots, Forever 21 and Kohl’s announcing store closures in Sacramento in 2025, the retail availability rate ended the first quarter at 6....
San Diego office vacancy climbs higher
Demand underwhelms
A new year has done little to change San Diego's office narrative. Although leasing volume improved marginally during the first quarter, it has still been trending at its lowest le...
Occupancy strengthens for San Diego’s apartments
Renters fill units at the fastest clip since 2021
Demand for the San Diego region’s market-rate apartments remained strong during the first quarter. That continued the trend that began in mid-2024, and the past three quarters each...
Retail availability jumps in San Diego
Effects of store closures ripple across the region
San Diego’s retail market has been undergoing a shift since the start of 2025 as the amount of available space has increased due to the scale of store closures and bankruptcies tha...
San Diego apartment rents inch up in March
Lackluster first quarter for rent growth
Although apartment rents rose in March, that did little to alter the current narrative of underwhelming performance. Rents ticked up a modest 0.1% for the month to an average of $2...
Retailers shed employees in San Diego
Job growth outpaces that of Southern California neighbors
San Diego’s unemployment rate dipped to 4.4% in February, down from a revised 4.5% in January, according to the latest jobs report released by the U.S. Bureau of Labor Statistics. ...
Unemployment rate rises in San Diego
Civilian labor force grows
San Diego’s unemployment rate ticked up to 4.5% in January, according to the latest jobs report released by the Bureau of Labor Statistics. That was 20 basis points above last year...
San Diego’s population inches up
Domestic migration underwhelms
New population estimates released by the U.S. Census Bureau between July 2023 and July 2024 show San Diego had its best year-over-year population growth in the past five years afte...
San Diego’s apartment pipeline steady as ever
Smaller units dominate new inventory
Last year, roughly 4,800 market-rate apartment units were completed across the San Diego region, marking the third most units to open in a calendar year in the past decade. This ye...
San Diego's apartment rents flatten out in February
Growth underperforms long-term benchmark
San Diego’s apartment landlords could not maintain the momentum of raising rents in February. Rent growth was largely flat across the region during the month, after rising 0.3% in ...
Apartment investment reaches three-year high in San Diego
Last year tallies third-highest volume in past decade
Apartment investment volume surged in San Diego during the fourth quarter after $1.3 billion was invested across the region. It was the first time in two years that sales volume cr...
Here's how San Diego’s new industrial space compares to the national level
Availability rises above countrywide benchmark for recent completions
The construction of logistics properties in San Diego has begun easing up, but the region is coming out of a period of heavy completions and waning demand that has weighed on vacan...
Life science demand has been leaner in San Diego
Looming pipeline to add further pressure to vacancy
San Diego’s life science market entered 2025 with an 18% vacancy rate, its highest level in more than 15 years. It increased more than 4 percentage points year over year in 2024.
Apartment rent growth reverses course in San Diego
Average asking rate in January exceeded $2,500 per month
San Diego’s apartment landlords enjoyed their first month of positive rent growth, on average, since June, when the region’s average market asking rents rose 0.3% month over month ...
Vacancy hits highest level in over a decade among San Diego's industrial sector
Pressure from supply side expected to ease
At the end of 2024, occupancy losses in San Diego’s industrial sector stretched to an eighth consecutive quarter. That pushed vacancy to its highest level in more than a decade aft...
Office-using sectors add jobs in December
Unemployment rate falls to lowest level since May in San Diego
San Diego’s unemployment rate ended 2024 at 4.3%, down from a revised 4.6% in November, according to the latest release from the Bureau of Labor Statistics.
Retail space is in short supply in San Diego
Availability unchanged across the region
San Diego's retail market has started 2025 in one of its strongest positions in years, although store closures announced over the past few weeks will likely open more availability ...
Office leasing stumbles in San Diego
Smaller deals drive activity
San Diego’s office market endured an underwhelming year for leasing in 2024. The region experienced its lowest leasing volume since 2020 when less than 4 million square feet of off...
Both California and Texas are growing, but for different reasons
Population growth is back in the Golden State
The nation’s two largest states added the most and third-most people to their populations last year, even as their underlying demographic drivers remain distinct.
Apartment demand rises in San Diego
Challenges remain for area landlords
Demand in San Diego’s apartment market took off in the second half of 2024. Net absorption, which measures the change in occupancy over time, tallied more than 2,600 units.