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Tim Olson Tim Olson

Office users have flocked to the Sorrento Mesa office market this cycle. According to research from JLL, Sorrento Mesa has lead leasing activity in San Diego this cycle with 6.9 million square feet in leasing volume since 2013. That accounts for 536 total transactions with an average deal size of 12,846 square feet. The activity has been consistent with an average of 1 million square feet of activity per year since 2013, with the market already surpassing 1 million square feet in leasing activity year to date.

“Sorrento Mesa is one of the most dynamic submarkets in all San Diego for the variety of companies located here,” Tim Olson, a managing director at JLL, tells GlobeSt.com. “A bulk of the companies is related to the innovative sectors such as life science and technology. Since 2013 Sorrento has seen 60% of leasing combined between the two industries. Many of the other tech and life science companies want to be centrally located as well as nearby other innovation companies.”

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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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