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Is San Diego Ready for Multi-Story Warehouses?

No, but the prime industrial overlay zone that was enacted by the City a few years ago will help to preserve certain sites here for future redevelopment into multi-story industrial, JLL’s Andy Irwin tells GlobeSt.com.

Andy Irwin Irwin: “The key will be to find locations with a high floor-area ratio (FAR) or the ability to increase the FAR to allow for more building density on a site.”

SAN DIEGO—San Diego is not quite ready for multi-story warehouses—which are popular in Asiaare just beginning to make their mark in select US gateway markets—but the prime industrial overlay zone that was enacted by the City a few years ago will help to preserve certain sites here for future redevelopment into multi-story industrial, JLL VP Andy Irwin tells GlobeSt.com.

According to the firm’s San Diego industrial report for the last Q4 2017, that quarter had the highest dollar volume of industrial sales in the last 10 years, totaling $692 million. As GlobeSt.com reported in October 2017, Rancho Bernardo had the highest industrial-investment sale at $330 per square feet for a 180,946-square-foot building occupied by a global e-commerce company as its distribution space.

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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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