San Diego Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Kidder Mathews, Cushman & Wakefield, CBRE, Colliers, JLL, Newmark
Quarterly industrial market indicators for San Diego, aggregated by CREhunt from Kidder Mathews, Cushman & Wakefield, CBRE, Colliers, JLL, Newmark. As of Q2 2026, average asking rent was $17.64/SF/yr and vacancy was 7.4%, per Kidder Mathews.
Projected current industrial pricing — San Diego
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 multiple brokerages data (cap rate 5.3%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Kidder Mathews | $17.64/SF/yr | 7.4% | -111K SF | 978K SF | Kidder Mathews |
| Q2 2026 Cushman & Wakefield | — | 3.5% | 2K SF | — | Cushman & Wakefield |
| Q1 2026 CBRE | $16.92/SF/yr | 6.6% | — | — | CBRE |
| Q1 2026 CBRE | $16.92/SF/yr | — | — | 946K SF | CBRE |
| Q1 2026 Colliers | — | 6.5% | -530K SF | — | Colliers |
| Q1 2026 JLL | $15.48/SF/yr | 7.7% | 220K SF | — | JLL |
| Q4 2025 Cushman & Wakefield | $17.64/SF/yr | 7.2% | 593K SF | — | Cushman & Wakefield |
| Q4 2025 Newmark | $17.04/SF/yr | 7.4% | 431K SF | 2.0M SF | Newmark |
| Q3 2025 Newmark | $17.16/SF/yr | 7.8% | 262K SF | — | Newmark |
| Q3 2025 Cushman & Wakefield | — | 6.9% | 2K SF | — | Cushman & Wakefield |
| Q2 2025 Newmark | $17.28/SF/yr | 7.8% | — | — | Newmark |
| Q1 2025 Newmark | $17.40/SF/yr | 7.3% | 374K SF | — | Newmark |
| Q4 2024 Newmark | $17.76/SF/yr | 6.9% | — | — | Newmark |
| Q3 2024 Newmark | $17.76/SF/yr | 6.2% | — | — | Newmark |
| Q2 2024 Newmark | $18.00/SF/yr | 5.8% | -126K SF | — | Newmark |
| Q1 2024 Newmark | $16.44/SF/yr | 5.5% | — | — | Newmark |
| Q4 2023 Newmark | $16.56/SF/yr | 4.7% | -515K SF | — | Newmark |
| Q3 2023 Newmark | $16.68/SF/yr | — | — | — | Newmark |
| Q2 2023 Newmark | $16.20/SF/yr | 3.8% | — | — | Newmark |
| Q2 2022 Colliers | $19.56/SF/yr | 6.5% | -530K SF | — | Colliers |
| Q2 2018 Colliers | $7.08/SF/yr | 3.8% | 10.8M SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each San Diego industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Carlsbad | $1.52/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Central County | $1.78/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central San Diego | $1.80/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Chula Vista | $1.25/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| East County | $1.44/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| El Cajon | $1.49/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Escondido | $1.32/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| I-15 Corridor | $1.75/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Kearny Mesa | $2.03/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| La Mesa/Spring Valley | $1.57/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Mira Mesa/Miramar | $1.80/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Mission Gorge | $1.82/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| National City | $1.72/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| North County | $1.39/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Oceanside | $1.21/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Otay Mesa | $1.04/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Outlying East San Diego City | $1.45/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Outlying SD County S | $1.45/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| PB/Rose Canyon/Morena | $1.59/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Poway | $1.60/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Rancho Bernardo | $1.92/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| San Marcos | $1.35/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| San Ysidro/Imperial Beach | $1.35/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Santee | $1.36/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Scripps Ranch | $1.77/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Sorrento Mesa | $1.99/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Sorrento Valley | $1.81/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| South County | $1.18/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South San Diego | $1.18/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southeast San Diego | $1.32/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Southwest Riverside | $1.22/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Sports Arena/Airport | $0.87/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Vista | $1.25/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for San Diego industrial did not fully agree. On vacancy, the sources span 3.9 points — from 3.5% (Cushman & Wakefield) to 7.4% (Kidder Mathews). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 3.5% | — | — |
| Kidder Mathews | 7.4% | $17.64/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in San Diego?
- As of Q2 2026, the average asking rent for industrial space in San Diego was $17.64/SF/yr, per Kidder Mathews.
- What is the industrial vacancy rate in San Diego?
- The industrial vacancy rate in San Diego was 7.4% as of Q2 2026 (Kidder Mathews).
- Where does CREhunt's San Diego market data come from?
- This report aggregates quarterly industrial market data for San Diego from Kidder Mathews, Cushman & Wakefield, CBRE, Colliers, JLL, Newmark.
- How much do brokerage estimates differ for industrial space in San Diego?
- For Q2 2026, the brokerage sources CREhunt aggregates for San Diego did not fully agree. On vacancy, the sources span 3.9 points — from 3.5% (Cushman & Wakefield) to 7.4% (Kidder Mathews). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.