Barry Saywitz Barry Saywitz

The industrial supply shortage is impacting owner-users the severely. Specifically, owner-users moving from rental industrial space to owned industrial space are having the most difficult time looking for space. In San Diego, the market for industrial sale opportunities are limited—even tighter than the lease supply—but with a large hub of biotech firms, there is ample demand to own a property. The demand from owner-users has fueled big price increase for for-sale product.