San Diego Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Colliers, Cbre, Cushman & Wakefield, CBRE, Newmark
Quarterly industrial market indicators for San Diego, aggregated by PropZone from Colliers, Cbre, Cushman & Wakefield, CBRE, Newmark. As of Q1 2026, average asking rent was — with a 6.5% vacancy rate.
Projected current industrial pricing — San Diego
low confidenceProjected asking rent
$16.92–$17.23/SF/yr
Estimated sale value
$217–$270/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.3%, asking rent trend-adjusted to today). Assumes ~93% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 6.5% | -530K SF | — | Colliers |
| Q1 2026 | $16.92/SF | 6.6% | — | — | Cbre |
| Q1 2026 | — | 6.7% | 2K SF | — | Cushman & Wakefield |
| Q1 2026 | $16.92/SF | — | — | 946K SF | CBRE |
| Q4 2025 | $17.04/SF | — | — | 2.0M SF | Newmark |
| Q3 2025 | $17.16/SF | 7.8% | — | — | Newmark |
| Q2 2025 | $17.28/SF | 7.8% | — | — | Newmark |
| Q1 2025 | $17.40/SF | 7.3% | — | — | Newmark |
| Q4 2024 | $17.76/SF | 6.9% | — | — | Newmark |
| Q3 2024 | $17.76/SF | 6.2% | — | — | Newmark |
| Q2 2024 | $18.00/SF | — | — | — | Newmark |
| Q1 2024 | $16.44/SF | — | — | — | Newmark |
| Q4 2023 | $16.56/SF | — | — | — | Newmark |
| Q3 2023 | $16.68/SF | — | — | — | Newmark |
| Q2 2023 | $16.20/SF | — | — | — | Newmark |
| Q2 2018 | $7.08/SF | 3.8% | 10.8M SF | — | Colliers |
| Q2 2018 | — | 1.4% | 0K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for industrial space in San Diego?
- PropZone aggregates industrial asking-rent data for San Diego from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the industrial vacancy rate in San Diego?
- The industrial vacancy rate in San Diego was 6.5% as of Q1 2026 (Colliers).
- Where does PropZone's San Diego market data come from?
- This report aggregates quarterly industrial market data for San Diego from Colliers, Cbre, Cushman & Wakefield, CBRE, Newmark.
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