Posts by David Marino

COVID-19’s Effect on San Diego’s Commercial Real Estate Market; The Damage Being Done, and What’s to Come in the Future

on August 31, 2020

COVID-19 has proven to be a brutal shock to the world economy that will drive the commercial real estate office market to very uncomfortable new depths not seen in 20 years…maybe longer. At the macro level, San Diego County’s second quarter of 2020 ended with 30,274,000 SF of office, industrial and lab space on the market. Of particular concern is the increasing amount of sublease space in San Diego County, with the second quarter of 2020 ending at 3,775,000 SF of total sublease space for office, industrial and lab space, which is the largest total amount of sublease space we have seen on the market since the fourth quarter of 2013, and we believe this is just the tip of the iceberg. 

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About this Author

David Marino

David Marino is executive vice president of Hughes Marino, an award-winning commercial real estate company with offices across the nation. One of the top commercial brokers in all of Southern California, David possesses unrivaled, comprehensive market knowledge, and writes regularly about San Diego commercial real estate on his blog, Suburban Scoop. Contact David at 1-844-662-6635 or david@hughesmarino.com to learn more.

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