Tag Archives: vacancy

San Diego Snapshot – July 23

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Sorrento Mesa has highest leasing volume and average size leases, while Mission Valley’s small to midsize leasing is robust

  • Since 2013, the Sorrento Mesa/Valley and UTC/Eastgate submarkets have seen a combined 12.2 million square feet of
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San Diego Snapshot – June 12

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San Diego County’s asking rents and development are up for the bulk of all property types

  • Throughout San Diego, all commercial real estate property segments have seen an increase in average asking rents year over year.
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Expansionary leasing is driving supply constraints as tenants await 2016 deliveries [REPORT]

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With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.

This growth has left primary markets challenged by significant supply constraints, creating a competitive environment for tenants, with higher costs and fewer… Read More

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

San Diego Medical Office Report | Q2 2015 [REPORT]

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By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group

MOB-ReportThe San Diego medical office market is steadily chugging along. Many providers are seeking opportunities to upgrade their space, building or location since, in most areas, rents and prices are still reasonable and favorable tenant improvement allowances and concessions are still available.

Vacancy continues its gradual… Read More

Industrial supply constrained with rents nearing peak levels

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US-Industrial-Outlook-Q2-2015-JLL

U.S. net absorption again is up, vacancy is tight and warehouse rents are increasing across the board in nearly every market. New construction is on the rise in a handful of markets, but overbuilding is not yet a concern based on active tenant requirements.

The nation is on track to add 171… Read More

Qualcomm move frees up large blocks of space in San Diego’s Technology Hub

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On the heels of its recently-completed overhaul of Enclave Sorrento, California-based McCarthy Cook, in partnership with New Jersey-based Prudential Real Estate Investors, is underway with major renovations at The Towers, a four-building office campus located just off the 805 Freeway at Mira Mesa Boulevard in San Diego’s Sorrento Mesa technology hub.

Designed by Gensler,… 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

Reflecting on the Last Real Estate Cycle…and Figuring Out How to Take Advantage

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Chris RossBy Chris Ross | Healthcare Practice Group

Fourth of July barbecues, week-long vacations and sand on the floor mats of our cars. We can now appreciate – especially after the nasty May gray and June gloom – summer being in full swing. I think we can also safely say that the economic (and real estate) recovery is also in full swing. The unemployment rate in San Diego has… Read More

Graymark Capital, Inc. Purchases Five-Building Campus in Carlsbad for $13.5M

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Graymark Capital, Inc., headquartered in San Francisco, in partnership with Chicago-based Blue Vista Capital Management, purchased a 127,287 square foot, five-building creative office/R&D property in Carlsbad from an affiliate of Bixby Land Company. The property, known as @Palomar, is located at 6349 and 6359 Paseo Del Lago and 1939, 1945 & 1949 Palomar Oaks Way and rests on 10.1 acres.

JLL’s Managing Director Bob Prendergast represented the seller.… Read More