There has been a huge amount of commerical space built over the last 10 years so vacancy rates are between 8-20% in different areas of San Diego. Carlsbad in particular has a large amount of newly built or soon to be built commercial and industrial space and it’s at the top of the vacancy chart with about 20% vacant right now. I do know a couple of mid size Sorrento Valley companies that are building and moving to the Bressi Ranch complex in Carlsbad.

BTW, the county’s unemployment rate “jumped” to 4.5%. Full employment is considered 6% I believe and who knows how many undocumented workers are in the county.