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Is SD Life-Sciences Deal Volume Suddenly Spiking?

SAN DIEGO—Activity in San Diego’s life-sciences sector started to pick up in 2011 and has been exceptionally strong during the past 30 months, but JLL’s Grant Schoneman tells GlobeSt.com EXCLUSIVELY he wouldn’t characterize the spurt of deals here as sudden.

Grant Schoneman Schoneman: “This surge in activity during the past two years has produced more than 1.8 million square feet of net new company growth, and 2016 is on track to match the activity from the past two years.”

SAN DIEGO—Activity in San Diego’s life-sciences sector started to pick up in 2011 and has been exceptionally strong during the past 30 months, but JLL SVP Grant Schoneman tells GlobeSt.com he wouldn’t characterize the spurt of deals here as sudden.

According to the company’s Q3 life-sciences report for San Diego, the fourth quarter looks like it will be active as well, with three completed leases already, totaling more than 131,000 square feet. Also, there are 14 companies in lease negotiations, totaling more than 470,000 square feet. Behind those deals are another 14 companies negotiating proposals on space, representing an additional 760,000 square feet.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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