Why More Professionals Are Migrating to the Coast

Stos: “Coastal properties near the ocean in strong downtown submarkets can command pricing that is two to three times more per-square-foot then a similar building located a few miles outside the walkable downtown zone.”

CARLSBAD, CA—The desire for a healthy, quality lifestyle is now going beyond where one lives and extending to one’s work environment, Stos Partners principal CJ Stos tells GlobeSt.com. The firm recently acquired a 22,000-square-foot mixed-use property comprising retail, restaurant, creative-office and residential space in the heart of Carlsbad Village here. The property, which is 90% leased, is occupied by award-winning local restaurant and wine bar PAON, as well as a variety of retail and office tenants. Stos believes that this market, which is right at the coast, is becoming increasingly attractive to professionals and also believes that migration to the coastal regions of San Diego submarkets will increase over the long term. We spoke exclusively with him about this trend and where he sees it heading.

GlobeSt.com: Why are professionals migrating to the coastal areas of San Diego for office space?