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SAN DIEGO has 4,427 commercial real estate spaces for lease, representing 28,860,350 sqft space.
900 buildings are available for sale.
In the past 30 days, SAN DIEGO has had 337 spaces leased and 1256 new spaces come on market.
San Diego Commercial and Office Space Overview
San Diego’s progressive business community, combined with an abundance of office space, has contributed to a rapid increase in industry and modern businesses looking for an affordable alternative to other California markets. Moreover, the city’s changing demographics have demonstrated a focus toward advanced energies, technology, software, and information firms in the last decade. Companies like Qualcomm, Teradata, and ESET North America have further attracted tech-trained employees from all over the world, leaving San Diego in a competitive position compared to other cities in the western United States.
Thousands of commercial and office space rentals are scattered throughout the city’s 324 square miles and the U.S. military’s continued presence in the city has led to an influx of defense contractors and military support services choosing to relocate and set up shop in the city’s limits. The median rate per square foot/year is currently $32.
Economy of San Diego
With over 3 million people choosing to call San Diego County home, the region has benefited from a growing professional population and a healthy $66,529 median household income. Major industrial drivers include software, biotech and life sciences, defense contractors, and military support services. Thanks to the area’s picaresque beaches, tourism rakes in nearly $11 billion annually, bringing 35 million visitors to the area each year.
San Diego has also been cited as the top places to launch a new business in the United States, with experts citing the city’s vast array of small businesses, a technologically-focused community, and percentage of businesses operating in high growth sectors.
Trends of San Diego
Located just 20 miles from the border with Mexico, San Diego enjoys a wide ranging and diverse cultural scene, blending Mexican and American tendencies with flourish and flair. A dynamic geography across rolling hills and expansive white sand beaches offer incredible views and opportunities for sightseeing, recreation, and exploration.
Multiple downtown and neighborhood redevelopment projects are currently underway in San Diego, aiming to transform the region’s skyline and build a basis for continued economic prosperity. With office space soon to be available within easy reach of UC San Diego, the University City Center, Riverwalk Golf Course near Mission Valley, and 3Roots, there’s never been a better time to plan for business prosperity in America’s Finest City.
Known as the sports and fitness capital of the world, San Diego’s emphasis on outdoor exercise and water sports offers a healthy, relaxing environment for young professionals and couples seeking a new and exciting locale from which they can set down roots and start a family. With dozens of museums, stunning historic districts, and one of the most famous zoos in the world, San Diego only continues to impress and attract new talent and industries as its business acumen grows.
Where to Rent Office Space in San Diego
Thanks to an aggressive effort on the part of the local government to expand business opportunities outside the industrial and downtown sectors, the city of San Diego has experienced a similar neighborhood-focused growth compared to other western cities. Supported by the Local Initiatives Support Corporation, the city provides plenty of economic benefits for businesses looking to expand their operations or set down roots in this vibrant, modern coastal city.
Businesses reliant on foot traffic or high visibility have plenty of options when it comes to affordable commercial or office real estate, but downtown San Diego remains atop the list for most high-profile industries and sectors. Thanks to the heavy military, shipping, and industrial presence in San Diego’s coastal areas, the opportunity for manufacturing and warehouse space outside of the city’s core remain a viable alternative to costlier urban real estate offerings.