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Healthcare and Life Science industries drive San Diego office in new leasing activity/410/san-diego-10-16-2017-healthcare-and-life-science-drive-office<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/Lifesciences-lab-worker-microscope.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/410/san-diego-10-16-2017-healthcare-and-life-science-drive-officeHealthcare and Life Science industries drive San Diego office in new leasing activity​The Healthcare, Life Science, Scientific, and Technical lease deals have dominated the office market in San Diego thus far in 2017, with five deals having signed for spaces over 100,000 square feet.
Office asking rental rates hit all time high /364/san-diego-10-2-17-office-rental-rates-hit-high<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/interior-glass.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/364/san-diego-10-2-17-office-rental-rates-hit-highOffice asking rental rates hit all time high Class A average monthly asking rental rates are now $3.25 per square foot Full Service Gross (FSG), having surpassed the previous peak at $3.23 FSG reached in 2007.
Is flexible office the new black? Downtown holds the greatest share of flexible office space/322/san-diego-9-11-2017-flexible-office<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-in-the-park-gardens-by-the-bay-singapore-jll.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/322/san-diego-9-11-2017-flexible-officeIs flexible office the new black? Downtown holds the greatest share of flexible office spaceCoworking, Executive suites, and Incubator space operators are increasing their presence in urban markets. Downtown leads San Diego County with 15 companies totaling approximately 261,000 Square Feet.
San Diego is a leader in STEM and higher education degrees/282/san-diego-8-28-higher-education<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-multicultural%20group%20of%20college%20students.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/282/san-diego-8-28-higher-educationSan Diego is a leader in STEM and higher education degrees​14.3 percent of San Diego holds a graduate degree, a greater share of the adult population than anywhere else in Southern California.
Downtown Class A rents near previous cycle peak level/167/san-diego-office-rents<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-teamwork-office.png?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/167/san-diego-office-rentsDowntown Class A rents near previous cycle peak level​As of Q2 2017, the Downtown Class A market has recorded 6.5 years of positive net absorption, bringing vacancy down to well below the historical average.
San Diego offers affordable office rent compared to other California markets/107/san-diego-offers-affordable-office-rent-compared-to-other-california-markets<img alt="" height="63" src="/united-states/en-us/PublishingImages/Snapshots/interior-office-modern-large-window-on-background-jll.jpg" width="120" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/107/san-diego-offers-affordable-office-rent-compared-to-other-california-marketsSan Diego offers affordable office rent compared to other California marketsSan Diego has the lowest average asking office rents among key California office markets