San Diego lab vacancy remains near record highs as leasing slows and rents decline
Apr 18, 2026
San Diego lab vacancy remains near record highs, with 31% of lab space sitting empty and asking rents falling for a 15th consecutive quarter to $5.55 per square foot. Leasing activity dropped to 223,000 square feet in the first quarter, while a handful of companies expanded or opened facilities in the market.