Office Vacancies, Affordable Units, and a South Bay Gun Buyback
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San Diego's commercial real estate market shows a deepening split heading into fall 2026. Office vacancy countywide stood at 15.4 percent in the first quarter — a significant share of empty space in a historically tight market — while industrial vacancy held at 7.3 percent and retail at 5.5 percent, reflecting the enduring structural shift away from in-person office work and the relative resilience of neighborhood retail and logistics space.
On the residential side, Moody's projections cited in J.P. Morgan market analysis anticipate San Diego adding nearly 5,900 apartment units in 2026, with projected vacancy reaching 5.1 percent and average effective rent growth of just 1.2 percent — following a 2 percent decline in 2025. The figures suggest a modestly more favorable rental environment than the region has seen in years, though from a very high baseline.
One concrete affordable-housing development stands out: Navajo Family Apartments, a 45-unit affordable project under construction in the San Carlos neighborhood, includes eight units specifically designated for residents with intellectual or developmental disabilities — a population that faces some of the longest waitlists in the county's housing system.
The San Diego County Sheriff's Office has scheduled a gun buyback event for Saturday, August 15th, in the South Bay. The Sheriff's release describes it as a gun-safety and buyback event; specific location and hours were not fully detailed in early-morning sources, and residents are advised to check the Sheriff's official website or social channels before attending. Such events accept functioning and non-functioning firearms, no questions asked, in exchange for gift cards.