Otay Mesa
San Diego - CA USA - Industrial Submarket
Industrial real estate intelligence for the Otay Mesa submarket. 26.7M SF of inventory with 11.8% vacancy. Data sourced from various MLS platforms.
26.7MSF
Inventory
5.9MSF
Available
11.8%
Vacancy
21.6%
Availability Rate
$13.78
Asking Rent
-1.0%
Rent Growth
1.1MSF
12mo Absorption
789KSF
Under Construction
Market Metrics
12mo Delivered
1.2M SF
Under Constr % of Inv
3.0%%
Sale Price/SF
$261
Cap Rate
5.9%%
12mo Sales Volume
$40,693,950
Sales Vol Growth
-83.7%
Asset Value
$7,174,101,990
Net Absorption
+1.1M SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Kearny Villa Tech Center | $27.0M | 108,183 | ScaleMatrix |
| Kearny Villa Tech Center | $8.2M | 38,961 | ScaleMatrix |
| Lightedge San Diego Data Center 1 | $63.1M | 162,803 | Hines |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| 9606 Aero Dr | 25,840 | $15.52 - 18.97 (Est.) | Steel Peak Properties |
Data Centre Development Potential
High vacancy (11.8%) in Otay Mesa may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 789K SF indicates developer confidence in the submarket. Positive net absorption of 1.1M SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in San Diego - CA USA
Evaluating Otay Mesa for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.