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Matt Carlson Carlson tells GlobeSt.com he expects asking rental rates to continue to rise even if the vacancy rate remains flat in this market, due “in large part to owners investing in their properties.”

SAN DIEGO—Asking office rates in San Diego County rose to an all-time high in the market, causing the largest quarterly jump since Q4 2015 as tenants are willing to pay a premium for well-appointed space in prime locations, says CBRE SVP Matt Carlson. According to a report from the firm, average asking rates increased from Q2 to Q3 to $2.92 full-service gross—the highest ever for San Diego County—an increase of 2.6% quarter-over-quarter and 4.6% higher year-over-year.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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