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San Diego is Still a Bargain

SAN DIEGO—Compared to other West Coast markets, San Diego offers lower cost of living and rental rates and is beginning to attract well-known companies, but still struggles to find land for development of larger projects, CBRE’s Louay Alsadek tells GlobeSt.com.

Louay Alsadek Alsadek: “I think a lot of our investors were concerned about the market fundamentals because we’ve been in a sort of rebound over the last eight or nine years.”

SAN DIEGO—Compared to other West Coast markets, San Diego offers lower cost of living and rental rates and is beginning to attract well-known companies, but still struggles to find land for development of larger projects, CBRE EVP Louay Alsadek tells GlobeSt.com. The firm’s research department recently released a trends report on San Diego capital markets, so we chatted with Alsadek about the report’s findings and how San Diego’s capital markets stacks up to other Southwest markets.

GlobeSt.com: How would you summarize your firm’s overall findings about San Diego’s capital markets?

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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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