SAN DIEGO—Cassidy Turley reports thatSan Diego County office tenants absorbed 650,000square feet during the third quarter with positive activityacross all classes – a trend not seen since the samequarter last year.

The Cassidy Turley report shows thatyear-to-date total countywide office absorption of566,000 square feet countywide is downfrom 880,000 square feet, or 35%, from the first threequarters of 2013 – the direct result of 545,000 SF of class B spacereturned to market during the first half of this year.

“While overall office absorption is down from last year due tothe influx of vacated class B space, class A net absorption totals651,000 square feet for its highest level since 2007,” saidBrett Ward, managing director. “With the exceptionof first quarter 2013, class A leasing has been positive for thepast 20 quarters during which tenants haveabsorbed 4.2 million square feet or an average of210,000 square feet per quarter. Consequently, countywide class Adirect vacancy has decreased 790 basis points (bps) from itspeak rate of 19.4% recorded more than five yearsago to 11.5% today.”