The 2014 JLL High-tech Office Outlook is now available and provides a complete analysis of the current state of the industry, including:
- An overview of the tech industry landscape across the United States and in top markets, including San Diego
- Trends shaping the industry and how to capitalize on them
- Tech’s impact on the U.S. economy and commercial real estate
- Our experts’ perspectives on what’s coming next
How San Diego fits into the Outlook:
San Diego is home to high-tech tenants in industries such as software, microchip manufacturing, and wireless technologies with a diversity of firms in various stages of the business lifecycle. Mature tenants help foster a synergistic environment for start-up and auxiliary firms. High-tech firms are primarily concentrated in the Sorrento Mesa and UTC/Eastgate submarkets and Sorrento Mesa is known as the high-tech and telecom hub of San Diego.
Regional employment in the high-tech sector has far outpaced other office-using jobs, boding well for ongoing growth in the market. San Diego’s well-educated labor force, extensive network of local universities and research institutions, and an environment where employees thrive all contribute to high-tech firms’ attraction to San Diego.
Landlords are embracing the space requirements of high-tech tenants by proactively building out space with exposed ceilings and open floor plans, which, in part, provides limitless options for tenants in incubator programs. The lack of large blocks of available space for larger tenants and the relatively high cost of living and doing business in San Diego remain substantial obstacles for high-tech tenants.
Explore further – get the full report here.
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