“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.” […]
Creating Surreal Spaces for Makers, Innovators and Entrepreneurs
Excerpt from article: San Diego is on the water like three of the four other major West Coast cities (Seattle, San Francisco, Portland and LA), but Downtown SD is very different. San Diego is well-located and moving in the right direction compared to these other cities, he said, including efforts to put its stadium Downtown […]