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Tim Olson Tim Olson

Rancho Bernardo has seen the most significant office rental rate growth in San Diego County this cycle, according to research from JLL. The report analyzed rental growth for San Diego office product over the last seven years, and found the Rancho Bernardo submarket had a 21.3% increase in rental rates this cycle. In 2017 alone, the market had a 14.2% increase in rents. The second place market was Mission Valley, with 17.4% increase in office rents over the last seven years. The market overall also saw significant rent growth, up 28.8% in the last seven years. To find out more about the office rent growth in San Diego and what is driving the growth in the top markets, we sat down with Tim Olson, managing director at JLL, for an exclusive interview.

GlobeSt.com: Why has Rancho Bernardo seen such significant rental growth over the course of this cycle?

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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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