San Diego Office Market — Q2 2026: Early Stabilization, Uneven Recovery
First positive net absorption since Q4 2024, but downtown sits at 33% availability. What the Q2 2026 data means for tenants, investors, and landlords.
Helping San Diego business owners and investors make smarter commercial real estate decisions.
What the lease actually says versus what most tenants think it says — and where the money goes.
Read articles →Otay Mesa isn't Kearny Mesa. The aggregate number hides what you need to know about your market.
Read articles →The ten lease terms that move more money than base rent — and almost nobody negotiates them.
Read articles →First positive net absorption since Q4 2024, but downtown sits at 33% availability. What the Q2 2026 data means for tenants, investors, and landlords.
2BR rents down 7.5% year-over-year, downtown vacancy above 10%, 30% of properties offering concessions. But workforce housing is holding. Here's the full picture.
Q2 2026 gave San Diego industrial tenants more options and softer asking rents, but leverage still varies by building, size, and submarket.
Most CRE owners ask for a full personal guaranty by default and accept whatever modification the tenant pushes back with. The structure matters more than whether you got one — and the wrong structure can leave you with less protection than no guaranty at all.
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