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SUSTAINED DEMAND SUPPORTS RENT GROWTH
Takeaway
Leasing volume in Downtown San Diego was sustained, totaling 1.0 msf during 2017. The relocation of a few tenants from suburban locations and increased interest from the tech sector boosted activity. In the wake of a couple of years of sustained activity, the pool of quality Class A space. Downtown has been depleted. Tenants will face increased rent during 2018 as landlords take advantage of a limited set of quality blocks and negligible construction.