San Diego, CA CAM Reconciliation Guide
Vacancy rates, property tax system, operating expense benchmarks, and market-specific CAM billing considerations for San Diego, CA commercial landlords.
Current Vacancy Rates
Source: CBRE/JLL Q4 2025 Market Reports
Average CAM per Square Foot
Property Tax System
San Diego County Assessor
File Assessment Appeal Application with county Assessment Appeals Board. Prop 13 base; Prop 8 decline-in-value claims available. Annual or supplemental assessment on transfers.
~1.1-1.2% effective rate (Prop 13)
Key Submarkets
CAM Billing Considerations
- Defense/military sector concentration creates specialized tenant requirements
- Life science cluster in Torrey Pines/UTC has lab-specific CAM structures
- Prop 13 basis disparities between long-held and recent acquisitions
- Coastal properties face higher insurance costs and climate adaptation requirements
- Cross-border proximity to Tijuana creates unique industrial demand in Otay Mesa
BOMA San Diego
Market Context
San Diego's combination of defense, life science, and tourism creates diverse CAM profiles across property types. Lab and R&D space has specialized HVAC and utility allocations that differ significantly from standard office CAM.
Related Resources
Reconcile San Diego, CA Properties
CapVeri accounts for market-specific vacancy, local tax timing, and property-type-specific expense pools in your reconciliation.
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