Impact Projects and Megatrends Shaping San Diego CRE

Frager listed the multitude of development projects in-the-works for San Diego, which are reshaping the region.

SAN DIEGO—Development and infrastructure changes abound in the San Diego market, which is seeing progress in all geographical areas and taking advantage of many global trends, John Frager, executive managing director of CBRE San Diego, told attendees at BMC’s 21^st Annual Real Estate Conference here last week. Frager gave a breakout session presentation entitled “Disruption: The Trends Reshaping San Diego’s Built Environment” that listed the various projects being discussed or under construction for the region and how they relate to global trends.

Frager said our proximity to Mexico has become a vital part of our innovation economy. Due to important supply-chain relationships across the border, the Chamber and EDC have made it a point to brand us as a single economic mega-region comprising 6.6 million people generating $250 billion in GDP. San Diego’s economy has become more dependent than ever on the efficient movement of goods and people across the border, from the Otay Mesa Port of Entry to the new CTX airport crossing at Britannia Blvd. and the San Ysidro point of entry, which is the busiest land border crossing in the Western Hemisphere. As former Mayor Jerry Sanders, the CEO of the Chamber, recently said while testifying at a congressional hearing to make the point that international trade does not necessarily compromise US national security, “An efficient border is a safe border.” Also, the mayors of both principal cities, San Diego and Tijuana, understand this relationship and have vowed to continue to work together despite some rising national tensions.