Tag Archives: availability

San Diego biotech cluster has recorded some of the strongest leasing activity in over a decade.

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Microsoft PowerPoint - JLL San Diego - 2014 Summer-Fall Life Sci

After a lackluster 2013 that recorded only 641,000 square feet of completed lease transactions – a 93 percent decrease from the average over the prior two years – activity during the first half of 2014 has been extremely robust.  The San Diego life sciences cluster (Torrey Pines, UTC, Sorrento Mesa and Sorrento Valley)… Read More

What’s ahead for San Diego’s multifamily market?

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In an article featured in the Daily Transcript, JLL’s Darcy Miramontes wrote about the four primary trend drivers affecting the multifamily market right now: jobs, the overall housing market, baby boomers, and cap rates.

The largest renting demographic is made up of millennials 25-34 years old who are benefiting the most from the economy’s accelerating recovery.

Darcy Miamontes 2013

Darcy Miramontes, Executive

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The two sides of rent growth: One man’s ceiling is another man’s floor

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With annual net absorption up 17 percent and the total U.S. vacancy rate nearing a 7.5 percent periodic low, we are no doubt pushing towards a landlord’s market. The greatest rent increases are occurring in the high-octane logistics corridors such as the Inland Empire, New Jersey and Dallas. The bottom line is that industrial property owners will see increasing rents from tightening market fundamentals. It will be broad across many markets since… Read More

Four reasons 2014 will be “The year of the distribution center”

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Industrial markets nationwide have been recovering for almost four full years, with 15 consecutive quarters of positive net absorption.  Last year marked a five-year net absorption high with 168 million square feet, and current forecasts suggest it could top 180 million square feet in 2014.  Read this weeks IndustrialImpact series to learn the four trends driving this momentum.


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The next generation of commercial real estate brokers discuss market trends

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Tim Olson was recently featured in San Diego Business Journal’s 2014 CRE Top Producers Under 40 Supplement where he was selected to be a part of a roundtable. The individuals were chosen based on successful performance in the marketplace early in their careers. The article offers a unique perspective on real estate from the innovative minds of the next generation of commercial real… Read More

Life Science M&A activity has hit San Diego real estate hard

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Mergers and acquisitions in the San Diego life sciences sector over the past two years have been positive for the local biotech industy, but have had an adverse effect on the commercial real estate market. The impact from the M&A activity is profiled in Jones Lang LaSalle’s recent San Diego Life Science Outlook.

According to Grant Schoneman, Vice President of Jones Lang LaSalle’s Life Sciences Group, “As San Diego companies grow and mature, acquisition by

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