June 5, 2017 Comments Off on San Diego Life Sciences Sector Stays Hot Views: 643 California News, San Diego

San Diego Life Sciences Sector Stays Hot

The life sciences sector is performing at an all-time high in San Diego, according to new research from Cushman & Wakefield. The Q1 2017 Life Science/Lab Report reveals that all major life science landlords are at 90%+ occupancy, with the San Diego market experiencing increased tenant demand, low and declining vacancy and rising rental rates.

Cushman & Wakefield’s Ted Jacobs said, ““San Diego’s biotech community has a legacy of building and maintaining a strong entrepreneurial base. With the rise in funding activity, IPOs, and M&A, local entrepreneurs are being offered a good opportunity to grow and generate new companies, as well as make successful exits. As a result, San Diego continues to be a global epicenter for innovation and R&D.”

Life Science Sector Highlights:

  • Torrey Pines continues to capture majority of leasing activity by both square footage and number of deals
  • Development ramps up in University Town Center, due to constrained amount of large blocks of supply
  • Roughly 42% of total lab inventory and 62% of all available space is owned by Big 3: Alexandria Real Estate, Biomed Realty and HCP
  • Life science availability hit 8.7% in Q1 2017

Connect With Cushman & Wakefield’s Jacobs

Subscribe to Connect Daily California

For comments, questions or concerns, please contact Dennis Kaiser


Comments are closed.