Tom York on Business: San Diego Office Vacancy Rate Hits 14% as Tenants Weigh Post-Pandemic Needs

Times of San Diego

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High Factuality

Tom York on Business: San Diego Office Vacancy Rate Hits 14% as Tenants Weigh Post-Pandemic Needs

Downtown San Diego. Photo by Chris Stone The local area office vacancy rate stood at just over 14% for the first quarter of the year, according to Cushman & Wakefield’s quarterly report Marketbeat San Diego. Leasing activity “slowed considerably” during the first three months of the year, with net absorption reaching 267,000 square feet, which included renewals.  This compares unfavorably with the 453,000 square feet leased in the first quarter …