“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 […]
Life sciences eyeing office spaces
“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 […]
REITs in Good Position To Gain in Tight Market
“San Diego — So far in 2016, San Diego-headquartered real estate investment trusts are continuing to benefit from a West Coast climate of limited new retail center development in locations where major store operators are still looking to set up shop.” “Fundamentals are driving up property prices and the number of bidders seeking to acquire […]
U.S. Office Sector Enjoys Steady Q2 Leasing Momentum Even as Rent Growth Slows, Sales Stall
“The U.S. office market continued its steady momentum in the second quarter, recording 39.4 million square feet of net absorption in the first six months of 2016, nearly equaling the 40.2 million square feet absorbed during the record-setting first half of last year.” “In a theme seen in many markets across the country, the supply […]
Revitalization Comes In Bottle, Growler
“With craft demand rising among city residents and visitors — and production space running out in Vista, San Marcos, Escondido and other stops along state Route 78, aka the Hops Highway — Oceanside now appears to be cashing in.” “The bulk of venues with significant on-site beer production are in or near the city’s industrial […]
DEVELOPER PLANS SCRIPPS RANCH TECH PARK WITH CREATIVE OFFICE AMENITIES
“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 […]
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 […]
Strong Outlook Seen for California Commercial Real Estate Through 2018
Excerpt from article: Despite higher interest rates and slower economic growth, confidence on the part of developers indicates a positive outlook for commercial real estate growth through 2018, according to a survey released Tuesday by UCLA economists. The favorable outlook is supported by job and income growth on the demand side and a lack of sufficient […]
The Big Bang Theory
Excerpt from article: San Diego — While apartments and hotels have gone up downtown at a comfortable pace, it remains an open question whether there will be enough new office buildings to meet downtown boosters’ hopes for a vibrant commercial center For years, many have said the area needs an anchor tenant, a major corporation […]
Brewing Scene Experiences Changes as the Sector Expands
Excerpt from article: Recent expansions, contractions and strategy recalibrations serve as reminders that the relatively young industry will not be immune to the financial and competitive laws of gravity impacting most other business sectors. Vasquez noted that as of March 7, San Diego County had 119 brewing locations in operation, including breweries, brewpubs and tasting […]