Share of high-vacancy office buildings on the rise in San Diego
Occupancy-challenged properties pile up downtown
Over the years, San Diego’s office vacancy has been concentrated in a narrow set of buildings.
Unemployment rate rises to a four-year high in Sacramento
Employers shed more office-using jobs
The Sacramento region’s unemployment rate ticked up to 5.6% in July, according to the latest jobs report from the federal Bureau of Labor Statistics. That was up from 5.3% in June,...
Unemployment rises to a four-year high in San Diego
Local inflation tops the nation
San Diego’s unemployment rate climbed to its highest level since 2021 in July, according to the latest jobs report released by the Bureau of Labor Statistics. The July rate of 5.2%...
Apartment development eases across Sacramento
Construction starts pull back
Apartment development has eased off the accelerator in 2025 across the Sacramento region.
Apartment development still runs hot in San Diego
Builders pivot to units with fewer bedrooms
Unlike last year’s national trend, which saw U.S. apartment construction starts fall 40% year over year, construction of new apartments reached a peak in San Diego. Despite the hig...
Supply pressure pushes Sacramento rents down
Rents dip ahead of schedule
Sacramento’s apartment rents lost ground in July, falling month over month by 0.1% to an average asking rate of $1,870 per month. It was the first time that rents fell during July ...
Rents show little sign of improvement in San Diego
Coastal neighborhoods outperform
For the third straight year, apartment rents fell month over month during July across the San Diego region. They dipped 0.1% to an average of $2,530 per month, still the sixth-high...
Unemployment rate jumps across Sacramento region
Reaches highest level since 2021
The Sacramento region’s unemployment rate jumped 100 basis points month over month to 5.3% during June, according to the latest jobs report released by the Bureau of Labor Statisti...
Unemployment rate rises sharply in San Diego
Summer recess leads to more unemployment claims
June job reports in San Diego typically show rising unemployment due to summer recess for the region’s schools; however, the month-over-month rise of the unemployment rate from 4% ...
Supply pressure eases in the San Diego office pipeline
Downtown feels the weight of new, available inventory
Following the completion of the Research and Development District downtown this year, San Diego’s office development pipeline has fallen to its lowest level since 2017.
Retail space in short supply in Sacramento
Closures have done little to dent availability
Sacramento’s retail market has held steady in 2025, even as retail closures have rippled across the nation. Joann, Forever 21 and Kohl’s are among the brands that have announced cl...
Industrial leasing improves in Sacramento
Demand rises for big boxes
The second quarter marked the first time in over a year that vacancy in Sacramento’s industrial market fell quarter over quarter. It reached the midway point of 2025 at 6.6% with a...
San Diego leasing market gets more retail space
Availability on the rise in big boxes
San Diego’s retail availability rose further during the second quarter, although the jump wasn’t nearly as dramatic as the one that preceded it during the first quarter.
Rents turn south across Sacramento
Concessions remain widespread
Sacramento’s apartment operators saw market-rate rents dip 0.3% month over month in June, reflecting the largest monthly decline across the region since last September. It was also...
Rents fall as San Diego landlords prioritize occupancy
Concessions play important role in securing renters
San Diego’s apartment market finished the second quarter with rents falling 0.1% month over month in June. This was the only June in the past decade when rents fell month over mont...
Healthcare jobs led employment gains in Sacramento in the past year
Office-using job growth stumbles
The unemployment rate dipped to 4.3% across the Sacramento region in May, according to the latest jobs report released by the federal Bureau of Labor Statistics. That was down from...
Hiring ticks up in San Diego
Accommodation and food services lead monthly job gains
San Diego’s unemployment rate edged down to 4% in May, according to the latest jobs report released by the Bureau of Labor Statistics. That compares to a revised rate of 4.1% in Ap...
Supply has not kept apartment rents from rising in downtown Sacramento
Multifamily momentum increases during spring leasing season
Sacramento’s apartment rents marched forward in May at their best clip of the year, advancing 0.3% month over month. It was also the best month-over-month rent growth since last Ju...
San Diego apartment rents tick up in May
Concessions dip as multifamily housing vacancy rate slips to 5.1%
Rent growth roared back to life in May following April’s showers. Rents grew 0.3% in May, matching the best month of the year, while putting April’s rent losses in the rearview mir...
Vacancy climbs in small-bay industrial buildings in San Diego
Occupancy losses pile up
San Diego has historically been a small-bay industrial market, with multi-tenant properties under 50,000 square feet spread across the region.