For occupiers, particularly those with leases expiring in the next 12–24 months, current market dynamics are compelling.  Companies that are still waiting for broader market clarity will be left behind, deals getting done today look very different than those of prior cycles, marked by aggressive economics, concession packages, and greater flexibility. This leverage won’t last indefinitely, and those who act strategically in the near-term stand to benefit the most.

The San Diego office market vacancy rate increased by 160 basis points (bps) year-over-year (YOY) and rose 90 bps quarter-over-quarter (QOQ) to 13.8%.

Total availability held steady at 17.7% QOQ but is up 10 bps YOY….

San Diego’s office market has not experienced the onslaught of vacancy as many other U.S. cities have. However, certain areas do have above-average availability rates, resulting in…