“Two growing San Diego economic drivers, biotech and defense, are boosting real estate development…” “While build-to-suit tenants are preferred, with growing demand for office and R&D space, she tells us her company is considering building on spec and will likely kick off development at Scripps Ranch Tech Park with 164k SF of office/flex space on 12 […]
Betting On Biotech
“San Diego — The high demand for biotech office space in San Diego is boosting the confidence of traditionally cautious landlords.” “… landlords are more willing to gamble by starting construction early because the current market shows a surplus of tenants looking for office and lab space. The market easily absorbs that demand with speculative building and […]
Retail Projects Follow New Residential Sites
“San Diego County has 5 million square feet of retail in the planning pipeline…” “Space constraints, among other barriers to entry, have long accounted for a dearth of new ground-up retail construction in San Diego County, where many of the retail projects in recent years have been redevelopments of existing centers, rather than wholly new […]
Growth in U.S. Property Prices Bounces Back After First Quarter Slowdown
” …Liquidity measures indicate continued healthy investor sentiment for commercial property, and the positive outlook for CRE fundamentals suggests the asset class should continue to attract investor interest.” “Commercial property price growth picked up in April after a slower than expected first quarter, according to the latest CoStar Commercial Repeat sale Index (CCRSI) released this week.” […]
Meeting the Demand Keeps Rents High at Medical Offices
San Diego — Rising demand for care services, along with limited new construction in high-demand submarkets, continue to make San Diego County a friendly place for owners of medical office buildings The local region saw $167 million in medical office property sales transactions during 2015, up 25 percent from 2014 and on par with record […]
San Diego Ranks Third Nationally for Clean Tech Leadership
Excerpt from article: San Diego’s ranking was determined by its high scores in the following categories: advanced transportation (third), carbon electricity and carbon management (third), clean tech investment, innovation and workforce (fifth), and green buildings (19th) San Diego has over 1,000 LEED and Energy Star buildings and 14,366 electric vehicles, a 680 percent growth over […]
Paying the Price
Excerpt from article: Low Vacancy Rates and High Demand Are Pushing Apartment Rents Higher, And the Trend May Continue. Good news for landlords, who have seen average monthly rents rise 5.9 percent in the past year, to $1,422 at the end of 2015 — a figure that is expected to increase by nearly an additional […]
Economic Growth is Driving Tightening San Diego Office Market
Excerpt from article: San Diego County’s office market was strong in the first quarter of this year, reversing the trend of increasing vacancy and boosting asking rents. In the first quarter, San Diego County office vacancy dropped by 42 basis points from Q4 2015 to 12.4%, according to Colliers International’s office report, which tracks transaction […]
Little Italy Is Brimming With New Projects In Downtown San Diego
Excerpt from article: CityView is in the middle of one Downtown San Diego project and already looking with its JV partner for future opportunities A JV of LA-based CityView and locally based CityMark Development is underway on AV8, a six-story, 129-unit mixed-use project with 7,600 SF of retail, in Downtown San Diego’s Little Italy neighborhood […]
$40M Mixed-Use Complex Debuting Soon in Rancho Santa Fe
High-end beauty salon operator has been placed by Strategic Real Estate Group, Inc. in the brand new Cancha De Golf plaza in Rancho Santa Fe! Locally based developer Newport Pacific Inc. plans a midsummer opening for Palma de la Reina, a $40 million mixed-use complex being built at the entrance to the Whispering Palms residential […]