Patrick Ashton Ashton: “Sorrento Valley, with a decent amount of older-generation flex buildings, was the first to convert properties into creative offices for the smaller to midsize range; now we are starting to see this happening on a larger scale.”

SOUTHERN CALIFORNIA—With options for large blocks being few amid increasing demand in San Diego and class-B making up the bulk of absorption in San Diego, office tenants seeking this space might have some trouble finding it. According to a recent report from NKF, in San Diego, large-block space options are few, and demand will likely increase with growing venture-capital and private-equity funding in the market.