North County Becomes the Epicenter of Industrial Development

Ryan Grove

North San Diego County is seeing the most industrial development activity in the Greater San Diego market. Of the 3 million square feet of industrial development activity in the San Diego market, 2 million square feet is in North County. Within North County, Carlsbad is seeing a bulk of the development. Ryan Cos. is building one of those projects, the 411,000-square-foot Pacific Vista Commerce Center. The market is seeing tremendous demand for industrial product, and with limited land, North County has become the natural place for new construction.

“Central San Diego is essentially out of land to do large developments. So, the majority of the industrial development is happening in South San Diego County along the US Mexico Border or in North County, which we define as Oceanside, Carlsbad, Vista, San Marcos and Escondido,” Ryan Grove, director of real estate development with Ryan Cos, tells GlobeSt.com. “In North County alone, there is 2 million square feet of industrial project under construction, and of that, 75% of that is taking place in Carlsbad. There is a number of projects under construction, and I think it is safe to say that in the entire county there are about 3 million square feet of projects under construction.”