Tag Archives: office leasing

Q4 2014 San Diego Office Market Statistics: Market dynamics pave the way for speculative construction

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The San Diego economy continues to add jobs with November having the largest annual job growth so far this year.

Q4 Highlights:

Office-Insight-Q4-2014-SanDiego-1

Demand

  • San Diego added 43,000 jobs in the last twelve months, the highest level for 2014. Office-using Professional and Business Services super-sector reported the largest employment gains over the year, adding 13,300 jobs.
  • The San Diego office market reported positive net
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Don’t fall for 2014’s workplace buzzwords

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There isn’t a one-size-fits-all solution to the perfect workplace, so don’t fall for the fads. How often do you hear companies refer to features of their physical offices as their corporate perks? There isn’t a one-size-fits-all solution to “the perfect workplace,” so don’t fall for the fads that’ll be old news before you can say “collaboration.” corporate-buzzwords Today,… Read More

Lack of supply, rising rents challenging law firm office norms

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Law firms will see real estate opportunities continue to shift away in the current expanding economic cycle. However, opportunity to optimize real estate costs will remain for firms that focus intently on maximizing the efficiency of their real estate footprint, while enhancing strategies around talent in fringe urban cores where Millennials live and ideally want to work.

Trends to watch:

  • Right sizing wave is peaking, but will continue to evolve
  • The supply shortage is kicking in, bringing
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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) secured a total… Read More

Measuring diversity: More than just technology and defense companies in San Diego

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COW_SanDiego_July7

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Click here for more market insight on our San Diego research group web page.

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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 estate brokers. Topics… Read More

Overall leasing activity declined in 2013, but Downtown saw an upsurge in activity

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Click here for more market insight on our San Diego research group web page.

Share this: Overall leasing activity declined in 2013, but Downtown saw an upsurge in activity  http://bit.ly/OYl6xJ

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Recovery continues with measured improvement of office market fundamentals in 2013 Q4

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JLL’s 4th Quarter San Diego Office Highlights, Insight and Market Statistics Report confirms the office market is stabilizing and gradually strengthening as we head into 2014.

According to JLL’s 4th Quarter Office Statistics Report, San Diego’s office market fundamentals remained relatively flat over the 4th quarter with direct vacancy rates experiencing an incremental dip to 13.8 percent while overall vacancy was 14.6%. Rents countywide are hovering around $2.17 per square foot full service gross per month,… Read More

Winds of change gusting through the U.S. law firm office landscape

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blowing leavesPositive economic headwinds have picked up force across the U.S. creating increased optimism for 2014 and 2015.  However, the outlook for most law firms remains muted driven by stagnancy across most practice areas and continued fee compression.

On the real estate side, firms encounter markets with shrinking quality options, fueling heightened rents, diminished incentives and increased landlord confidence ahead.

Trends to watch: