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San Diego has climbed onto the list of the top target markets in the US for commercial real estate investment this year. According to CBRE’s 2018 Americas Investor Intentions Survey, the Southern California market ranked number 11 for investment in the US, up from number 17 last year. The survey analyzes all asset classes and found industrial and multifamily are the most attractive to San Diego investors, with 50% of investors naming industrial as the top asset class and 20% pegging multifamily as the favorite. Overall, 88% of investors plan to increase or maintain spending in the market this year. To find out more, we sat down with CBRE SVP Mark McGovern for an interview.

GlobeSt.com: What are the market fundamentals that have pushed San Diego into the top-targets list?   

Mark McGovern: San Diego is a dynamic, thriving market and we are seeing the region advance as a top target for commercial real estate investment because of low vacancies across all product types. Many new investors are coming to San Diego who are attracted to the region’s strong market fundamentals, such as limited new construction, strong employment and a well-educated workforce.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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