Matt Carlson Carlson: “[Office is] not as tight as retail and industrial, but it never gets tighter than those other sectors.”
SAN DIEGO—With 2016 seeing massive San Diego office absorption, leaving little available space for lease in 2017, it only seems as if the office sector paled in comparison to industrial and retail’s robust numbers, CBRE SVP Matt Carlson tells

The firm’s Q4 2017 office reports reveal that the San Diego office asking rate fell slightly by $0.01 (-0.2%) quarter-over-quarter but increased $0.06 (+2.3%) year-over-year and that vacancy increased slightly by 30 bps in Q4 2017 to 11.3%. The rate has remained below 12% for five consecutive quarters.