Highlights
- The average rent for office space in San Diego is $48.39 per square foot, 9.12% higher compared to the previous year.
- The average sale price for office space in San Diego is $259.68 per square foot, marking an increase of 22.80% compared to 2024.
- The market’s vacancy rate stands at 23.79%, higher than the state average of California, which is 18.44%.
- Renting Class A/A+ office space here costs $60.12 per square foot, while Class B averages $34.81 and Class C stands at $21.69.
- 1,047,678 square feet is currently under construction.
2025 Office Space Rent & Sales
- $48.39 2025 Avg. Asking Rent
- 9.12% Y-o-Y Avg. Asking Rent Change
- 23.79% 2025 Office Vacancy Rate
- $1.5B2025 Total Office Sales
- $259.68Avg. Sale Price/SF
What is the average asking rent price for office space in San Diego?
Average asking rents for office space here stand at $48.39 per square foot. The local office market recorded an average vacancy rate of 23.79% in 2025, unchanged from 23.79% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $1.5B across 44 sales. These transactions commanded an average sale price per square foot of $259.68.
San Diego, CA Office Asking Rents by Class
What is the average office rent per square foot by property class in San Diego?
- Avg. Asking Rent Class A & A+$60.12
- Avg. Asking Rent Class B$34.81
- Avg. Asking Rent Class C$21.69
The average asking rent for Class A and A+ office space stood at $60.12 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in San Diego averaged $34.81 per square foot, while the average for Class C space was $21.69 per square foot.
What is the average office rent per square foot by property class in CA?
- Avg. Asking Rent Class A & A+$58.81
- Avg. Asking Rent Class B$37.82
- Avg. Asking Rent Class C$22.26
For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.
San Diego, CA Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Torrey Pines | $73.14 | 29.56% |
| Sorrento Valley | $65.13 | 30.64% |
| Carmel Valley | $57.13 | 23.06% |
| University City | $43.25 | 17.05% |
| Downtown | $43.03 | 36.33% |
| Mission Valley | $41.97 | 15.94% |
| South San Diego | $39.14 | 9.49% |
| West San Diego | $37.76 | 15.46% |
| Rancho Bernardo | $37.60 | 23.06% |
| Scripps Ranch | $33.83 | 20.72% |
| Kearny Mesa | $33.04 | 17.49% |
| East San Diego | $26.12 | 8.06% |
| Mira Mesa - Rancho Penasquitos | $25.85 | 31.18% |
| Poway | $23.85 | 24.35% |
2025 Office Sales Volume
- $259.682025 Avg. Price per SF
- 22.80%Y-o-Y Avg. PpSF Change
- $1.5B2025 Office Sales Volume
- 442025 Number of Transactions
What is the average sale price per square foot for office space in San Diego?
Average sale prices for office space in this market recorded a +22.80% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $259.68 per square foot. For comparison, the statewide California average during the same time period stood at $295.06 per square foot, while the national average was $182.48 per square foot.
San Diego, CA Sale Price per SF Trend
- San Diego Avg. Sale Price per SF in 2025$259.68
- California Avg. Sale Price per SF in 2025$295.06
What was the total office sales volume in San Diego in 2025?
The local office market recorded 44 deals in 2025, adding up to a yearly sales volume of $1.5B.
- San Diego, CA Total Office Sales Volume in 2025 $1.5B
- San Diego, CA Total Number of Office Sales Closed in 2025 44
What were the largest office building sales in San Diego in 2025?
The market’s largest transaction last year was the sale of One America Plaza for $120,000,000 on 10/29/2025. The next-highest sale was the transaction involving Nautilus, which traded for $110,000,000. The third-largest transaction was the sale of Sequence Technology Center - 6260 Sequence Drive for $70,000,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| One America Plaza | 600 West Broadway | 10/29/2025 | $120,000,000 |
| Nautilus | 3530 John Hopkins Court | 12/10/2025 | $110,000,000 |
| Sequence Technology Center - 6260 Sequence Drive | 6260 Sequence Drive | 12/16/2025 | $70,000,000 |
| 501^XYZ | 501 West Broadway | 7/29/2025 | $69,000,000 |
| Sony Electronics North American Headquarters | 16535 Via Esprillo | 11/18/2025 | $67,367,000 |
2025 Office Construction in San Diego, CA
- San Diego, CA Total SF completed in 2025 1,627,032
- San Diego, CA Total SF under construction in 2026 1,047,678
How much office space was built in San Diego in 2025?
Looking forward, development activity in 2026 is estimated to add 1,047,678 square feet of office space to the market in total.
What are the largest recent office completions in San Diego?
The largest recent office completion here is Bioterra at 323,000 square feet, completed in 2025. The next largest completions are West and The Campus at Horton - Bldg. 200.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Campus at Horton - Bldg. 200 | 200 Horton Plz., 92101 | 204,842 | 2026 |
| The Campus at Horton - Bldg. 600 | 300 Horton Plz., 92101 | 37,932 | 2026 |
| Bioterra | 5897 Oberlin Drive, 92121 | 323,000 | 2025 |
| 4400 Ruffin Road | 4400 Ruffin Road, 92123 | 202,547 | 2025 |
| Vista Sorrento Labs | 10251 Vista Sorrento Pkwy, 92121 | 116,665 | 2025 |
| West | 1011 Union Street, 92101 | 299,000 | 2024 |
| Aperture Del Mar - Building 4B | 6040 Edgewood Bend Court, 92130 | 175,354 | 2024 |
| Aperture Del Mar - Building 4A | 6040 Edgewood Bend Court, 92130 | 127,309 | 2024 |
| Via Del Campo 2 | 16705 Via Del Campo Court, 92127 | 83,482 | 2024 |
| RaDD - 2A - Alley | 825 N. Harbor Dr., 92101 | 76,200 | 2024 |
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- Sacramento Office Rent Price
- San Jose Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Oakland Office Rent Price
- Palo Alto Office Rent Price
- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills Office Rent Price
- Newport Beach Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.