“San Diego’s industrial market is going creative.”
‘“San Diego’s life sciences industry is currently red hot, as is demand for creative office space,” the report said. “This gives owners of under-performing assets something to consider via space conversions and also presents opportunities for investors.”’
“…San Diego’s industrial market was characterized as peaking in terms of landlord leverage, because of a falling vacancy rate to 11.8 percent for the life-science cluster, compared with about 16 percent in 2013, and asking rental rates as high as $4.25 per square foot per month.”
Citation and link to article and picture: Showley, Roger. “Life Sciences Eyeing Office Spaces.” The San Diego Union-Tribune. N.p., 30 Aug. 2016. Web. 01 Sept. 2016. http://www.sandiegouniontribune.com/news/2016/aug/30/life-sciences-creative-space-office-conversion/