San Diego’s unemployment rate falls to its lowest level in nearly 12 months
Healthcare-related positions at the forefront of hiring
San Diego’s unemployment rate ticked down from 4.2% in March to 4% in April, according to the latest jobs report released by the federal Bureau of Labor Statistics. That’s the lowe...
Medical office properties outperform traditional counterparts in San Diego
CoStar Group is releasing quarterly medical office report for major markets across the US
San Diego's traditional and medical office markets have clearly taken divergent paths since the onset of the pandemic in 2020. Those paths have seen one vacancy rate climb to its h...
Industrial leasing volume rises in Otay Mesa
Continued uncertainty could affect the demand recovery in San Diego market
Demand for industrial space in Otay Mesa slipped just as a wave of speculative development would begin delivering near the border with Mexico.
Rents inch up in Sacramento in April
Uneven performance in 2025
Momentum from last year’s decade high in demand has not fully translated into a long runway for rent growth in 2025.
San Diego’s apartment market prioritizing occupancy
What CoStar’s analytics team is hearing from industry players in San Diego
Over the past three quarters, demand for San Diego apartments has been the strongest since 2021. Vacancy has stabilized and come down in mid-tier and lower-rated properties for the...
San Diego’s industrial vacancy climbs higher
Signs of improvement have emerged
Occupancy losses for San Diego’s industrial market extended through the first quarter, marking the ninth straight quarter of negative absorption, which measures the change in occup...
Will April showers bring May flowers?
Residential rent growth hits a snag in San Diego
The spring leasing season in San Diego has started off with an unsteady gait. This is the season when demand typically increases, apartments fill and rents rise.
Unemployment rate edges down in San Diego
Office-using sectors shed more jobs
San Diego’s unemployment rate fell to 4.2% in March, down from 4.4% in February, according to the latest jobs report released by the U.S. Bureau of Labor Statistics. That was only ...
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...