Is DTSD’s Co-Working Space Becoming Oversaturated?

SAN DIEGO—Since new patterns in workplace occupiers have emerged and are projected to continue growing, so will the demand for flex and co-working space in the years to come, JLL’s Richard Gonor tells GlobeSt.com.

Richard Gonor

SAN DIEGO—Since new patterns in workplace occupiers have emerged and are projected to continue growing, so will the demand for flex and co-working space in the years to come, JLL EVP Richard Gonor tells GlobeSt.com. The company recently revealed that co-working-firm leases accounted for 44.6% (111,619 square feet) of the 2016 positive-net-absorption office total for Downtown San Diego, which begs the question of oversaturation. We spoke with Gonor about how much more the market can support of this type of space.

GlobeSt.com: With co-working groups being such a large chunk of the 2016 office absorption Downtown, how much more can the market support of this tenant/property type, in addition to executive suites?

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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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