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Aerial view of office buildings in Del Mar Heights illustrating the submarket Hughes Marino says has seen asking rents jump 15–20% despite sustained 19–22% availability, the context for the firm’s tenant warning.
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Del Mar Heights Office Real Estate Asking Rents Surge 15–20% Despite 19–22% Availability, Hughes Marino Warns Tenants

Asking rents in the Del Mar Heights office real estate market have climbed 15–20% over the past year even as availability rates have held between 19% and 22% for three consecutive years, according to a market commentary published by Hughes Marino. The tenant representation firm identifies concentrated ownership and listing broker market share as key factors driving the disconnect between pricing and underlying supply-and-demand fundamentals.

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