University Town Center Office Space for Rent
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Renting Office Space in University Town Center
UTC (University Town Center) remains the "Trophy" submarket of San Diego. It is the primary beneficiary of the "flight-to-quality," with Class A office and lab spaces commanding premium rents near $5.68 PSF NNN (Source: Cushman & Wakefield Q3 2025). The submarket is currently the most active for new life sciences construction, accounting for 44% of all projects under development in the county. 2026 is the year of "Inventory Normalization." Following the delivery of massive projects like the Novartis build-to-suit at Campus Point, UTC is shifting toward the absorption of speculative lab space. It remains the most insulated submarket from broader CRE volatility due to its proximity to UCSD and a deep concentration of Fortune 500 tech and biotech anchors (Source: San Diego Regional EDC Spotlight).
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Suite Rates in University Town Center
Suite Sizes in University Town Center
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Carlsbad | 1,600 | $2.58 / SF | 219 |
| Carmel Valley | 2,000 | $3.20 / SF | 345 |
| Chula Vista | 1,000 | $1.95 / SF | 33 |
| Coronado | - | - | < 30 |
| Downtown | 2,600 | $3.06 / SF | 483 |
| El Cajon | 1,400 | $1.69 / SF | 47 |
| Esconsido | 900 | $1.53 / SF | 59 |
| Gaslamp District | 2,600 | $3.07 / SF | 451 |
| Grantville | 1,600 | $2.18 / SF | 108 |
| La Jolla | 1,400 | $3.30 / SF | 199 |
| La Mesa | 1,300 | $56.74 / SF | < 30 |
| Little Italy | 2,700 | $3.08 / SF | 439 |
| Midway District | 1,500 | $2.56 / SF | 32 |
| Miramar | 1,600 | $2.46 / SF | 72 |
| Mission Valley | 1,600 | $2.48 / SF | 207 |
| National City | - | - | < 30 |
| Oceanside | 1,600 | $2.29 / SF | 359 |
| Otay Mesa | 1,300 | $1.85 / SF | < 30 |
| Point Loma | 1,200 | $2.14 / SF | 92 |
| Rancho Bernardo | 1,100 | $2.65 / SF | 70 |
| Sorrento Valley | 2,400 | $2.23 / SF | 102 |
| Torrey Pines | 2,200 | $2.79 / SF | 37 |
| University Town Center | 2,400 | $3.39 / SF | 212 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.