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
Total: 71,434,293 SF
By square footage range:
- 50k to 100k SF: 18,021,575 SF / 25.23% of total office
- 100k to 500k SF: 47,742,743 SF / 66.83% of total office
- 500k to 1M SF: 5,669,975 SF / 7.94% of total office
- Class A: 38,020,600 SF / 53.22% of total office
- Class B: 25,845,209 SF / 36.18% of total office
- Class C: 277,829 SF / 0.39% 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|
|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|
|9800 & 9855 Summers Ridge Road||9800 Summers Ridge Road, 92121||522,000||n/a|
|Symphony Towers||750 B Street, 92101||521,281||1990|
|Wells Fargo Plaza||401 B Street, 92101||481,000||1983|
Most Recently-Built Office Buildings
in San Diego
|Office building||Address||Sqft||Year built|
|i3||4775 Executive Drive, 92121||316,000||2017|
|Eastgate Terrace||9779 Towne Centre Drive, 92121||96,435||2017|
|Torrey Point||3420 Carmel Valley Road, 92121||89,940||2017|
|Eastgate Summit||4850 Eastgate Mall, 92121||65,000||2016|
|One La Jolla Center||4655 Executive Drive, 92122||305,952||2015|
|ARE Spectrum - 3033 Science Park Road||3033 Science Park Road, 92121||102,938||2015|
|The Heights at Del Mar Building 3||12770 El Camino Real, 92130||76,760||2015|
|Township 14 - 12670 High Bluff Drive||12670 High Bluff Drive, 92130||69,836||2013|
|Township 14 - 12680 High Bluff Drive||12680 High Bluff Drive, 92130||56,940||2013|
|Summit Rancho Bernardo - 16620 West Bernardo Drive||16620 West Bernardo Drive, 92127||196,742||2009|
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
- Total Population1,359,791
- Male Population(50.2 %) 682,040
- Female Population(49.8 %) 677,751
- Median Age34.00
- 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 Ho Demographics
- Bernardo Springs Demographics
- Birdland Demographics
- Carmel Mountain Demographics
- Carmel Valley Demographics
- College Area Demographics
- Core - Columbia Demographics
- East Village Demographics
- Hillcrest Demographics
- Horton Plaza Demographics
- Kearny Mesa Demographics
- Little Italy Demographics
- Marina Demographics
- Midway Demographics
- Miramar Demographics
- Miramar Ranch Demographics
- Mission Valley East Demographics
- Mission Valley West Demographics
- Rancho Bernardo Demographics
- Sabre Springs Demographics
- Scripps Ranch Demographics
- Serra Mesa Demographics
- Sorrento Valley Demographics
- Torrey Highlands Demographics
- Torrey Hills Demographics
- Torrey Pines Preserve Demographics
- University City Demographics