Category Archives: San Diego Commercial Real Estate

Top Life Sciences Destination Trends in 2017

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Running a life sciences company today is a complex business—meeting the needs and demands of top talent while navigating an uncertain healthcare legislative landscape amidst rising costs. Despite the many challenges and costs pervading the industry, one thing is for certain—retaining talent is the top priority, and companies are prioritizing the wellbeing… 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 nonfarm employment base
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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 of the San… Read More

What’s the real cost of building out office space in San Diego?

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You might expect the priciest place to set up shop in a new office would also be the one with the priciest rents. But there’s more than meets the eye when it comes to the cost of converting outdated office space into an engaging workplace. Get a holistic picture of total build-out costs in San Diego… Read More

Fewer bricks, more clicks, & virtual tellers: Five changes on the horizon for branch banks

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The banking model of yesterday was all about the brand with the most locations—the “bricks”. Today, banks are measured by how effectively they deliver remote, anytime, anywhere access to their customers—the “clicks.”

The days of the bank branch being the most immediate and visible way customers interact with banks are long gone. The branch-on-every-corner… 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 976 square feet… Read More

Women of influence paving the way in CRE

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CREW Corner: Breaking the commercial real estate ceiling

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By Misty Moore
Thursday, October 13, 2016

Published data suggests that the top four commercial brokerage firms in San Diego employ somewhere around 200 licensed brokers. Just over a dozen of those brokers are… Read More

3 Connections to Google’s New San Diego Location

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  • Google leased two floors at Cruzan’s Verge project earlier this year to facilitate a new San Diego presence. Google’s office appears to be strategically located near more than one of its local interests, and is also real estate that Google used to own during its first foray into making mobile phones.
  • Google acquired Motorola
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Q2 2016 Medical Office Report

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By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group

MOBQ22016graphicThe 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 is not expected… Read More