Wednesday, June 10, 2026
Family Office Briefing on research byKidder Matthews·Apr 28, 2023

San Diego Office Market Report - 1st Quarter 2023

San Diego office market vacancy rate at 11.9% in 1Q23 — family offices should consider co-GP opportunities amid declining leasing activity.

OfficeSan DiegoCalifornia2023

Key Metrics

MetricValue
Vacancy Rate11.9%
Availability Rate19.1%
Asking Lease Rate3.04$/SF
Lease Transactions1,103,077SF
Sale Transactions321,762SF
Net Absorption-183,401SF

Metrics extracted from the source report and independently fact-checked. Method →

Building a thesis around San Diego? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent office strategies.

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.