San Diego’s office inventory is the fourth most suburban in the nation, among the top 30 metros. Unsurprisingly, New York metro area has the highest percentage of urban office inventory in the U.S., followed by the Chicago metro area. Western metro areas claim five of the top six most suburban spots.
San Diego employment continues to increase as total non-farmemployment grew by 39,700 jobs, or 2.9 percent year-over-year. The latest employment update highlights the continued trend of employment growth and jobs continuing to be created in
In 2009, the gap in industrial vacancy rates between San Diego County’s outmost submarkets and most central markets was 1,460 basis points. While Kearny Mesa and Miramar’s combined vacancy rate decreased 56.5 percent since 2009, the combined vacancy rate for Oceanside and Otay Mesa has decreased a whopping 64.2 percent. That gap is now down to 470 basis points.