Category Archives: Agency Leasing News & Trends

San Diego Snapshot – March 5, 2018

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Low finish industrial asking rents keep accelerating across the county

  • Industrial asking rents saw record growth starting in 2015 with South County leading the pack at 44 percent; strong industrial fundamentals point to continuation of this
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San Diego Snapshot – February 19, 2018

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Sales activity for the San Diego biotechnology cluster has totaled nearly $1.5 billion since 2010

Source: JLL Research, Esri
  • The primary hub for most of San Diego’s biotech companies is located in the submarkets of Torrey Pines,
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Congratulations to our 2017 Top Producers

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In every JLL office worldwide, our colleagues rise to the daily challenge of fast-paced, demanding real estate markets while making sure that our client ambitions are achieved.

We want to recognize the standout work from our top performers in San Diego. Through collaboration and a client-first approach, they embody JLL’s culture to… Read More

San Diego Snapshot – October 2, 2017

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Office asking rental rates hit all time high

  • Class A average monthly asking rental rates are now $3.25 per square foot Full Service Gross (FSG), having surpassed the previous peak at $3.23 FSG reached in
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San Diego Snapshot – October 17, 2017

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Healthcare, Life Science, Scientific, and Technical industries drive San Diego office in new leasing activity

  • The Healthcare, Life Science, Scientific, and Technical lease deals have dominated the office market in San Diego thus far in 2017,
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Q2 2017 San Diego Medical Office Report

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The San Diego medical office market continues to exhibit solid growth Market conditions and trends

If there is one word to describe the current state of the San Diego healthcare real estate market and its growth, it is steady.  Large lease and build-to-suit transactions have been limited, as most of the large healthcare providers… Read More

San Diego Snapshot

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San Diego offers affordable office rent compared to other California markets
  • San Diego has the lowest average asking office rents among key California office markets. This enables companies to have direct access to a highly talented and educated labor pool in San Diego while saving on real estate costs.
  • The San Diego
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Q12017 San Diego Medical Office Snapshot

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Market conditions and trends

San Diego medical office occupancy increased in the first quarter of the year, posting an increase of 28,144 square feet of positive net absorption. The current overall San Diego County direct vacancy rate of 6.6 percent is 51 percent lower than in 2009, when it peaked at 13.6 percent.

Most all… Read More

 photo-dec-12-4_blogOur visionary creative office reflects model for landlords and tenants

The JLL San Diego office relocated to the Aventine, this week, after signing an 18,000-square-foot lease earlier in the year. Owned by Boston-based Rockpoint Group, the Aventine is a Class A, 220,000-square-foot office building located on an 11-acre campus at 8910 University Center Lane in San Diego, Calif.

Focusing on creating a visionary model for the office of the future and a showcase for our tenant and landlord clients, we incorporated fully ergonomic workspaces designed to accommodate each individual. Our new office also provides “quiet” zones, fresh air/outdoor patios and respite areas for differing work styles and needs. Other unique features include a movable wall/accordion door for full access to the patio; a bi-fold door in main board room to expand the front of house area for large events or meetings; and client-focused Pitch Room featuring a huge state-of-the-art touch-screen monitor; and technologically advanced wireless access from any area within the space along with best in class audio visual to ensure seamless presentations. Julie Kilpatrick of JLL’s PDS Group oversaw design and construction management of the space and partnered with general contractor Commercial Builders, Inc. and Solana Beach-based architect ID Studios.

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 “Our goal was to create open environment that promotes the well-being of our team and fosters collaboration, team work and transparency,” said Peter Belisle, JLL Southwest Market Director. “The Aventine is the perfect place where we can focus on delivering the best service to our clients.”

Managing Director, Jay Alexander, went on to say “Julie was responsible for leading the design and construction teams for over a year. PDS worked hand-in-hand with both our Agency and Tenant Rep teams starting with market tours and leasing support. She succeeded in delivering a prototype of ‘traditional business meets new office’ while satisfying the desires of each and every team member. The entire team is excited to invite clients to the office to showcase and  demonstrate what JLL as a collaborative team can deliver for them. ”

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Known for its landmark design, Aventine is positioned prominently along the well-travelled Interstate 5 and La Jolla Village Drive in the heart of San Diego’s Golden Triangle. Originally designed by renowned architect Michael Graves, the campus includes the 419-room Hyatt Regency La Jolla as well as numerous on-site dining amenities including Fleming’s Prime Steakhouse and Wine Bar, Truluck’s, Café Japengo, The Melting Pot and Michael’s Lounge. Aventine is also conveniently located within walking distance of La Jolla Village Square, a regional retail center providing additional retail services as well as a variety of restaurants.

San Diego law firms remain conservative with their real estate

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2016 U.S. Law Firm Perspective - COVER

Despite rising rents in many U.S. markets, the legal industry can still find opportunities to improve real estate efficiency, according to JLL’s latest annual Law Firm Perspective.  The typical U.S. law firm has sharply reduced its office footprint by 22.2 percent, from an historical average of… Read More