Class B office rental rates move in disparate directions across the county in Q1

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COW_San Diego_office_March 31 2016

  • In the first quarter, San Diego County Class B office asking rates decreased by 1.3 percent quarter-over-quarter. However, amongst the market’s largest submarkets, there was little concurrence.
  • The two submarkets with the largest stock of Class B office, Downtown and Kearny Mesa, recorded the largest decreases in asking rental rates at 3.6 and 5.6 percent, respectively. Conversely, Del Mar Heights, which recorded the greatest increase of Class B rental rates, at 9.7 percent, has the smallest stock of Class B office. So, despite an equal number of these submarkets posting gains and losses, the weighted average brought the countywide Class B rental rates down in the first quarter.

For more information contact Joshua Brant
Visit: JLL’s San Diego Research on the web

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