How TAMI Tenants Are Making Their Mark in Downtown SD

Carlson: “Downtown, you get to ‘own’ whatever is close by. You get to ‘own’ it from a branding perspective.”

SAN DIEGO—Traditionally, the Downtown San Diego office market was primarily made up of legal, government and insurance tenants, but the creative class has discovered the benefits of San Diego’s unique downtown submarkets, CBRE SVP Matt Carlson tells GlobeSt.com. According to a report from the firm, fourth-quarter office vacancy in San Diego County fell to a record low, and leasing activity was the highest ever in any single quarter. Demand was particularly strong in Downtown, where startups and co-working places have been drawn to the neighborhood’s newly renovated office spaces.

A total of 2.55 million square feet of office space was leased in San Diego in Q4 2016, making the fourth quarter the most active quarter in history, the report showed. The top three submarkets were Downtown, UTC and Rancho Bernardo.