Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
CoStar briefing: office leasing velocity weak, retail availability ticked up, industrial values down
Summary
CoStar’s San Diego-market analysis presented to Carlsbad councilmembers warned of continued office-space challenges, a modest loosening in retail availability, industrial pressure from tariffs, and a multifamily market that has shifted from rapid rent growth to a focus on occupancy.
Josh Oll, senior director of market analytics for CoStar Group in San Diego, presented a regional commercial real estate overview to the City Council, saying trends vary by sector and that several persistent patterns are reshaping market activity.
Oll said office leasing activity has slowed and that average lease sizes are smaller than before the pandemic: “leasing velocity is down. We're averaging about 15% to 20% fewer just leases that are being transacted on a quarterly basis,” and average lease sizes are roughly…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
