Tag Archives: Lease

Rising Rents and Industry Expansion Push Technology Firms To Key Growth Markets [REPORT]

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JLL reveals 21 U.S. locations, including San Diego, with ideal office cost and conditions for startups and tech sector

Even though Northern California is the cradle for the technology industry, Silicon Valley has matured beyond the garages from which it was born. According to JLL’s 2015 United States Technology Office Outlook, technology firms and startups aren’t just exploring new U.S. markets, they’re starting to plant roots.

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Q3 2015 San Diego Office Market Statistics: Rents continue to rise as absorption remains muted

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Our Quarterly Office Statistics reports provide detailed office real estate leasing data for the various metro areas we cover on a quarterly basis. Data includes inventory, completions, vacancy, rents, absorption, and new construction for buildings at the overall metro and submarket level categorized by class.

Click here for more market insight on our San… Read More

Aventine La Jolla Sold, New Owners See Room to Increase Value at Iconic Property

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In July, Boston-based Rockpoint Group LLC has purchased the iconic Aventine office building and adjacent restaurant/retail property from an affiliate of the Blackstone Group of New York. The new owner plans to make major renovations to the 238,979-square-foot, 11-story, LEED Platinum Certified office building and adjacent retail property, located in the University Towne… Read More

Verizon to Occupy More than 50 Percent of Enclave Sorrento

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110,000-square-foot lease for technology campus recently transformed into Class A office

Fortune 15-ranked power house Verizon, has secured 110,000 square feet of office space at Enclave Sorrento, a technology campus that recently underwent major renovation by California-based McCarthy Cook with New York- and London-based partner AllianceBernstein.*

The lease, negotiated by JLL’s Managing Director Chad Urie, Managing Director Tony Russell and Senior Vice President Tim Olson, brings the two-building, 213,000-square foot campus,… Read More

Q2 2015 San Diego Office Market Statistics: Rising rents and falling unemployment good news at mid-year

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Our Quarterly Office Statistics reports provide detailed office real estate leasing data for the various metro areas we cover on a quarterly basis. Data includes inventory, completions, vacancy, rents, absorption, and new construction for buildings at the overall metro and submarket level categorized by class.

Click here for more market insight on our San… Read More

JLL’s Agency Leasing Team leads San Diego in Top CRE Leases

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JLL’s Agency Leasing Team leads San Diego in Top CRE Leases; as noted in the San Diego Business Journal’s “Top Leases” edition, chronicling the largest office leases completed in San Diego for 2015. In the list, the JLL Agency Team represented Landlords and brokered 7 of the top 10 deals.

Below are some quick case studies of… Read More

San Diego Life Sciences: A Perspective from the Real Estate, Design and Construction Industry

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The San Diego chapter of ISPE recently held a meeting on the subject of “San Diego Life Sciences: Who’s Coming and Going: A Perspective from the Lease, Landlord and Construction Industry.” This has been a hot subject this year with numerous life science companies being purchased and several new companies moving into the area. Availability in premium lab and office space is dwindling as life science real estate developers work hard to develop… Read More

Q1 2015 San Diego Office Market Statistics: Steady rent growth continues

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Rent continued to increase as the supply of large blocks and high-end Class A space continued their decline.

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Q1 Highlights:

Demand

  • The San Diego office market reported slightly negative net absorption of 5,258 SF this quarter.
  • 4.0 million SF of tenants are currently in the market, the majority of which are technology companies. 3.3 million SF of
  • Read More

Buy vs. lease: What’s the best decision for your business?

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Corporate real estate directors are constantly challenged to balance the opportunities in a dynamic capital markets environment with the operational and financial goals of their companies.

Many companies follow a traditional course, and have ownership or leasing strategies driven by longstanding financial policies. Some have implemented proactive strategies for selected properties—such as sale-leasebacks of owned assets or acquisitions of short-term leased assets—to take advantage of the current capital markets environment.

Historically these decisions… Read More