With sustained growth across all asset classes in the past two years, the San Diego market continues to attract investor attention and according to Lynn LaChapelle, Jones Lang Lasalle Managing Director of Capital Markets, “now is a good time to take advantage of rising rates.”
As indicated in the JLL Office Property Clock, the San Diego office market is in a rising phase which creates a favorable market for landlords.
LaChapelle’s advice for 2014 keys upon each client’s investment parameters: “Value-add clients should consider well-located properties with good ‘bones’ that have the potential to become appealing to today’s tenants. Those looking for a core investment should focus on UTC, Del Mar, Sorrento Mesa and Mission Valley, as these markets have strong tenant bases and historically have weathered the ups and downs of the market cycles.”
The LaChapelle video is the last in a series where JLL brokers reflect on important industry sectors in San Diego – capital markets, healthcare and development. To learn more details about investor development in San Diego, the entire video is available to view here.
Watch the complete Jones Lang Lasalle video series.
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