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Southern California Sees Shifting Office and Industrial Vacancy Rates

8/18/2025

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Summary

Story summary

Southern California's industrial vacancy rates are low, but asking rates have decreased, reducing construction in the Inland Empire.
The office market has a 24.1% vacancy rate, with notable leasing activity from firms like Oaktree Capital.
San Diego's office vacancy increased to 14.5%, while industrial vacancies reached a decade-high of 4.8%.
Market conditions are changing, with some areas demonstrating resilience amid economic challenges.

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Story summary

Southern California's industrial vacancy rates are low, but asking rates have decreased, reducing construction in the Inland Empire.
The office market has a 24.1% vacancy rate, with notable leasing activity from firms like Oaktree Capital.
San Diego's office vacancy increased to 14.5%, while industrial vacancies reached a decade-high of 4.8%.
Market conditions are changing, with some areas demonstrating resilience amid economic challenges.