“After five years of sleepy post-recession performance, the industrial segment of San Diego County’s commercial real estate market sprang to life in a big way in 2016.”
“Much of that development is speculative and concentrated in cities including Carlsbad, Escondido and Vista. Developers did not have tenants lined up in advance for many of those projects, some of which are now under construction, but were expecting to lease much of the space before their completion.”
“Emblematic of what’s driving demand is the recent local expansion by e-commerce kingpin Amazon Inc., which for the past several years has been building out its national distribution infrastructure to carry out fast “last mile” deliveries to its customers. According to CoStar Group and local brokers, Amazon in late 2015 leased an 83,469-square-foot space in Point Loma’s Midway neighborhood.”
Citation and link to article and picture: Hirsh, Lou. “Industrial Space Is Hot Commodity as E-Commerce Heats Up.” San Diego Business Journal. N.p., 30 Dec. 2016. Web. 04 Jan. 2017. <http://www.sdbj.com/news/2016/dec/30/industrial-space-hot-commodity-e-commerce-heats/?page=1&>.