Why Lenders Are Turning Attention to San Diego Industrial

San Diego

Lenders are showing a growing interest in the San Diego industrial market, thanks to strong transaction volume and long-term growth over the last 12 months. While Los Angeles and the Inland Empire typically get the most attention for industrial activity, the industrial boom has moved south. We sat down with Kevin Pleasant, regional manager for commercial mortgage lending for Chase, to talk about the lender interest in the San Diego market, investment activity and how rising interest rates could potentially impact the market.

GlobeSt.com: In general, lending sources have shown a greater interest in major industrial markets, like the Inland Empire and Los Angeles. Have lending sources also been more bullish on industrial product in a more secondary industrial market like San Diego?