San Diego is becoming one of the top technology hubs in thecountry—and it is having a big impact on the market's office realestate activity. In San Diego, technology sector has accounted for18% of total office leasing in the market in 2019, just behind lifesciences, the industry the market was known for. Over the lastdecade, technology presence has increased steadily, averaging 16%of total leasing activity in the market.

"Because the tech sector has been such an important driver ofgrowth in this business cycle, rents have increased faster in techmarkets than in the rest of the U.S. metro areas and mostsubstantially in tech critical cities such as San Diego,"Jolanta Campion, research director of San Diegofor Cushman & Wakefield, tells GlobeSt.com."For occupiers, any sharp increase in rents may make these marketsless attractive."