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 … Read More
Office asking rental rates hit all time high
Healthcare, Life Science, Scientific, and Technical industries drive San Diego office in new leasing activity
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 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
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.
“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. ”
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.
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
The San Diego healthcare community as a whole continued to show growth in the first half of the year. Several new medical buildings have been recently completed, are under construction now or are expected to break ground soon – albeit at a pace that… Read More
San Diego companies reported 19 venture capital deals totaling $350.5 million in the second quarter. The funding total was 26.7 percent higher than the 10-year average. The largest local cluster of industries, life sciences/medical, raised $257.3 million in the second quarter.
For more information, contact:
Joshua Brant, Senior Research… Read More
Designed by Gensler, the renovation at Aventine will include a new modern light and… Read More