San Diego, CA Office Overview
Among sunny San Diego’s most prosperous commercial real estate scenes are the Central City, Central Coast, Downtown Business District and South Bay submarkets. With a metropolitan population of over 3.3 million people, the economy is dynamic and robust, and the San Diego commercial real estate market continues to expand around a vibrant mix of business and industry.
As of mid-2017, the Greater San Diego office market encompasses nearly 61 million square feet of existing office space in properties larger than 50,000 square feet. Due to the city's unique geographic location between Southern California and Mexico, the market continues to see strong demand.
San Diego, CA Office Inventory Description
The city's Pacific Coast location and proximity to Mexico plays a major role in the culture of the business community and office property development. Nearly 60% of the office space in San Diego is Class A, while Class B office properties make up another 39% of San Diego's office inventory.
Located along the I-8 and Friars Road, the Mission Valley East office scene is one of San Diego’s densest markets and home to Pacific Center I & II, and the Centerside 3111 & 3131 office properties. Businesses such as General Dynamics and First American Title Insurance Company are located in Mission Valley.
Other growing San Diego office submarkets include the Kearny Mesa area, Rancho Bernardo commercial real estate along the I-15 South, and the Scripps Ranch area, which is home to trophy office buildings such as the Scripps Corporate Plaza.
San Diego, CA Commercial Inventory Breakdown
Office Spaces
Total: 75,269,075 SF
By square footage range:
- 50k to 100k SF: 19,303,740 SF / 25.65% of total office
- 100k to 500k SF: 49,122,102 SF / 65.26% of total office
- 500k to 1M SF: 6,843,233 SF / 9.09% of total office
By class:
- Class A+: 2,401,802 SF / 3.19% of total office
- Class A: 38,003,720 SF / 50.49% of total office
- Class B: 27,039,763 SF / 35.92% of total office
- Class C: 275,945 SF / 0.37% of total office
Top 10 Largest Office Buildings
in San Diego
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Manchester Pacific Gateway - Building 1B - Manchester Pacific Gateway Tower | SEC West Broadway Street & North Harbor Drive, 92132 | 804,122 | n/a |
| Makers Quarter - Block C | NEC F Street & 14th Street, 92101 | 796,000 | n/a |
| First Allied Plaza | 655 West Broadway, 92101 | 695,000 | 2005 |
| One America Plaza | 600 West Broadway, 92101 | 623,000 | 1991 |
| Rancho Vista Corporate Center - Hewlett-Packard Campus | 16399 West Bernardo Drive, 92127 | 622,211 | 1970 |
| Makers Quarter - Block A | 1500 Broadway, 92101 | 591,300 | n/a |
| 701 B Street | 701 B Street, 92101 | 560,329 | 1982 |
| 1 Columbia Place | 401 West A Street, 92101 | 556,943 | 1983 |
| Summit Rancho Bernardo - 16550 West Bernardo Drive | 16550 West Bernardo Drive, 92127 | 542,328 | 2016 |
| Symphony Towers | 750 B Street, 92101 | 530,000 | 1990 |
Most Recently-Built Office Buildings
in San Diego
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| i3 | 4775 Executive Drive, 92121 | 316,000 | 2017 |
| Rancho Bernardo Medical Center | 16899 West Bernardo Drive, 92127 | 100,000 | 2017 |
| Eastgate Terrace | 9779 Towne Centre Drive, 92121 | 96,435 | 2017 |
| Torrey Point | 3420 Carmel Valley Road, 92121 | 89,940 | 2017 |
| ARE Spectrum - 3013 Science Park Road | 3013 Science Park Road, 92121 | 63,000 | 2017 |
| Summit Rancho Bernardo - 16550 West Bernardo Drive | 16550 West Bernardo Drive, 92127 | 542,328 | 2016 |
| Alexandria Center for Life Science at Campus Pointe - 10290 Campus Point Drive | 10290 Campus Point Drive, 92121 | 304,326 | 2016 |
| Eastgate Summit | 4850 Eastgate Mall, 92121 | 65,000 | 2016 |
| Otonomy Headquarters | 4796 Executive Drive, 92121 | 61,755 | 2016 |
| Sempra Headquarters | 488 8th Avenue, 92101 | 393,322 | 2015 |
San Diego, CA Green Office Space
Of the Top 30 Green Office Markets in the U.S., San Diego ranks 19th for energy efficient office buildings. While just over 3% of the office buildings larger than 50,000 square feet are LEED Certified, over 6% rank as Energy Star Certified and over 8% are recognized as green buildings.
As both tenants and investors seek out green certified assets to complete their portfolios, the green office trend continues to accelerate. According to the most recent report from the San Diego U.S. Green Building Council, there are nearly 600 LEED-certified Projects with a total of more than 59 million square feet of space in the San Diego metropolitan area.
The 2017 National Green Building Adoption Index looked at commercial office properties in 30 major U.S. markets and found that, including EPA Energy Star-labeled buildings, the percentage of green certification has increased, from just under 5% in 2005 to 38% as of mid-2017. San Diego has most recently placed 19th on this survey.
San Diego, CA's Top Office-Using Sectors
Major users of San Diego office space include the defense & military, tourism, international trade and technology & manufacturing industries. This diverse mix of business combined with a growing number of small businesses and start-up companies continue to attract both national and global office investors, contributing to the San Diego area's nearly $220 billion in annual gross metropolitan product.
- Defense & Military – San Diego is home to a deep-water seaport that includes the only major submarine and shipbuilding yard on the West Coast. Defense contractors such as General Atomics, Cubic, and NASSCO are headquartered here and contribute to the demand for Class A office space in San Diego.
- Tourism – With over 34 million annual visitors spending $1 billion tourism plays a major role in the San Diego economy and job market, with Marriott International and Club Med North America located in the city.
- International Trade – With its commercial seaport and prime location relative to Mexico international trade companies play a significant role in the demand for San Diego office space, such as Mitchell International and UTC Aerospace Systems.
- Technology – San Diego is home to technology companies such as Qualcomm, Nokia, LG Electronics, and Kyocera International.
San Diego Demographics
Population
- Total Population1,359,791
- Male Population(50.2 %) 682,040
- Female Population(49.8 %) 677,751
- Median Age34.00
Income/Financial
- Average Household Income$90,052
- Median Household Income$66,116
- Median Income Under 25$31,263
- Median Income 25-44$71,144
- Median Income 45-64$78,569
- Median Income Over 65$49,185
- Bankers Hill - Park West Demographics
- Bay Park Demographics
- Carmel Mountain Demographics
- Carmel Valley Demographics
- Colina del Sol Demographics
- Core - Columbia Demographics
- Corridor Demographics
- Cortez Demographics
- Golden Hill Demographics
- Hillcrest Demographics
- Kearny Mesa Demographics
- Linda Vista Demographics
- Mission Valley East Demographics
- Normal Heights Demographics
- North Park Demographics
- Ocean Beach Demographics
- Pacific Beach Demographics
- Point Loma Heights Demographics
- Rancho Bernardo Demographics
- Rolando Demographics
- Scripps Ranch Demographics
- Serra Mesa Demographics
- Sorrento Valley Demographics
- Talmadge Demographics
- Torrey Hills Demographics
- Torrey Pines Preserve Demographics
- University City Demographics
- University Heights Demographics
News
California Q1 2018 Office Sales: Smaller Markets Pick Up the Slack for LA, San Francisco
April 18, 2018
In terms of office sales, Los Angeles was the most active California market we analyzed, wrapping up Q1 with a $1.3 billion total. Bay Area office sales raked in $800 million in 13 transactions, which encompassed over 2 million square feet of inventory. Even though Sacramento came in third, this...
Excel Centre, a medical office building in San Diego, Calif., has recently been acquired by a Chicago-based real estate firm. MBRE Healthcare bought the 82,157-square-foot property from institutional investor ShopCore Properties, in a $37.1 million transaction.
The “14th Annual Curbed Awards” kicked off this year with a list of the most expensive homes sold in New York in 2017. Manhattan’s new slender skyline icon, 432 Park Ave, took up seven spots on the list, including the entire top three. The most expensive New York home of the year was a package-...
Cities near San Diego, CA
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San Diego, CA zip codes
- 92101 Office Space
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Neighborhoods
- Bankers Hill - Park West Office Space
- Bay Park Office Space
- Carmel Mountain Office Space
- Carmel Valley Office Space
- Colina del Sol Office Space
- College Area Office Space
- Core - Columbia Office Space
- Corridor Office Space
- Cortez Office Space
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- Golden Hill Office Space
- Hillcrest Office Space
- Kearny Mesa Office Space
- Linda Vista Office Space
- Mission Valley East Office Space
- Normal Heights Office Space
- North Park Office Space
- Ocean Beach Office Space
- Pacific Beach Office Space
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- Rancho Bernardo Office Space
- Rolando Office Space
- Scripps Ranch Office Space
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- Talmadge Office Space
- Torrey Hills Office Space
- Torrey Pines Preserve Office Space
- University City Office Space
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Cities near San Diego, CA
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