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“San Diego is a different market,” said Ryan Grove, director of real estate development at Ryan Companies US, last week on an industrial panel at RealShare Southern California. Ecommerce has been hailed as the driver of the immense industrial activity that we have seen in the last few years, but in San Diego, the ecommerce market has been a minimal driver of activity, limited largely to last-mile centers. Still, San Diego has a robust industrial market with limited space and historically high rents. Instead of ecommerce, it is being driven by a dynamic demand from a networker of smaller users.

“San Diego is at the end of the road,” Grove said on the panel. “We don’t see a lot of big distribution centers. We are seeing industrial rents absolutely hitting high water marks for San Diego. We all jumped to ecommerce as a reason why this has driven the market.” But, for San Diego, that activity has really only been on the delivery side of ecommerce, he added.

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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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