“San Diego — Now that four big downtown office towers have been sold in 2016, San Diego’s “Skyline” market is poised for its biggest year in a decade for deal volume…”
“Investor demand for downtown’s biggest office buildings — many of them showing their age and recently undergoing significant renovations — is being fueled in part by rents that have risen significantly over the past three years, yet remain 6.2 percent lower than 2007’s peak levels.”
“Experts cite several factors in downtown San Diego’s heightened profile, including rising demand among younger professionals for urban workplaces, and a dearth of buying opportunities in “primary” markets where investors have traditionally scouted for trophy towers, such as Los Angeles and San Francisco.”
Citation and Link to Article & Picture: Hirsh, Lou. “San Diego’s ‘Skyline’ Market Is Drawing Investor Interest.” San Diego Business Journal. N.p., 7 July 2016. Web. 11 July 2016. <http://www.sdbj.com/news/2016/jul/07/san-diegos-skyline-market-drawing-investor-interes/?page=1&>.