DTSD Has Nearly 4,000 New Units on the Way

Darcy Miramontes

Downtown San Diego has seen a huge surge in development activity in recent years. This year, the market is poised to deliver a record 2,453 new apartment units, with 2,000 already delivered in the first half of the year, according to new research from JLL. There are currently more than 3,600 apartment units under construction in Downtown San Diego with the remainder of the units scheduled for delivery in 2019 and 2020. The pipeline in Downtown San Diego represents more than half of the total construction activity in the market, and the East Village neighborhood is seeing the majority of the activity.

“After historically being a primarily suburban residential market, San Diego is undergoing a shift to urban living, and the City’s planning agency has simplified the approvals process for Downtown,” Darcy Miramontes, EVP at JLL, tells GlobeSt.com. “Younger renters, especially millennials, want to be closer to work and amenities, and Downtown is San Diego’s largest job center and entertainment hub. Developers have responded to this trend by increasing development in urban centers.”