X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Grant Schoneman

San Diego is known for its stellar life science market—and for good reason. It is a hub of for life science companies, and they drive tremendous office and industrial leasing activity. However, San Diego isn’t alone. Life Science activity is growing throughout Southern California. According to research from JLL, Los Angeles and Orange County life science companies generate $27.3 billion in economic activity and employ 122,000 people, making it a strong driver of job growth. In Orange County, the market has a 4.8% vacancy rate and only two plus-50,000-square-foot blocks of space available. In San Diego, the industry generates $33.6 billion in economic activity and has seen a 20% increase in employment in the last five years. With such high demand, the market has seen 2.7 million square feet of new lab product delivered since 2016 and a current pipeline of 363,000 square feet. To get a side-by-side look at how these markets stack up, we sat down with Grant Schoneman, managing director at JLL in San Diego, and Jason Lantgen, VP at JLL in Orange County, for an exclusive interview.

Kelsi Maree Borland

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.