Markets › San Diego, CA
Office Property Values in San Diego, CA
Automated market snapshot from recent comparable sales · Sep 2024 – Jun 2026. Updated 2026-07-14.
San Diego, CA office market
The San Diego office market has seen a wide range of sale pricing over the past 24 months, with suburban and amenity-rich campuses trading at premiums while downtown towers have changed hands at steep discounts to prior peak values. In 2025, 48 properties sold at an average of $267 per square foot, up sharply from $205 per square foot in 2024, driven by renewed investor appetite for well-located suburban and life science assets. Downtown vacancy remains above 35% and is the most distressed submarket, while UTC, Mission Valley, and Del Mar Heights are outperforming. Tenants and investors continue a strong flight to quality, favoring Class A, amenity-rich buildings and avoiding older or poorly located stock.
What's driving Office prices in San Diego
San Diego office sale prices recovered meaningfully in 2025, with the average price per square foot rising from $205 in 2024 to $267 in 2025, though pricing remains highly bifurcated between discounted downtown towers selling at $155-$185/SF and premium suburban or life science assets trading at $300-$500/SF.
- High downtown vacancy (35%+ per Yardi Matrix) continues to suppress CBD office values and widen bid-ask spreads
- Flight-to-quality demand driving premium rents and values for Class A suburban assets in UTC, Mission Valley, and Del Mar Heights
- Large speculative delivery pipeline (2.3M+ SF added 2024-2025) creating oversupply pressure particularly in downtown and life science submarkets
- Mission Valley redevelopment catalyst (SDSU campus, Riverwalk, Civita totaling $10B+ in planned projects) supporting suburban submarket absorption
Recent Office comps in San Diego, CA
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 600 W Broadway (One America Plaza), San Diego, CA 92101 news | Oct 2025 | Sale | 650000 | $120,000,000 | $185 |
| 501 W Broadway, San Diego, CA 92101 news | Aug 2025 | Sale | 421661 | $69,000,000 | $164 |
| AMP&RSAND Campus (formerly San Diego Union-Tribune HQ), Mission Valley, San Diego, CA news | Sep 2024 | Sale | 350000 | $92,000,000 | $263 |
| 5600 Avenida Encinas, Carlsbad, CA 92008 news | Jan 2026 | Sale | 180999 | $64,100,000 | $354 |
| 4755 & 4757 Nexus Center Drive (The Esplanade), San Diego, CA 92121 news | Dec 2024 | Sale | 241963 | $120,000,000 | $496 |
| 2355-2385 Northside Drive (Mission City Corporate Center), San Diego, CA 92108 news | Jan 2026 | Sale | 285867 | Undisclosed | |
| 2375 Northside Dr, San Diego, CA 92108 listing | Jun 2026 | Lease | 3334 | $41.40/SF/YR | $41.40 |
Frequently asked questions
What is the average price per square foot for office space in San Diego, CA?
Recent sale comps put the median around $263/SF, with a typical range of $185–$354/SF across 5 recent sales (Sep 2024 – Jun 2026).
What cap rates are office properties trading at in San Diego?
Recent market data suggests roughly 5.5%–7.5% for stabilized office deals in the San Diego area.
How are these numbers calculated?
They are automated estimates built from recent comparable sales found in public listings, property records, and brokerage announcements. They are not an appraisal or a broker opinion of value.
How do I find out what my San Diego office property is worth?
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Figures are automated estimates derived from public listings, records, and brokerage announcements for San Diego, CA, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.