Darcy Miramontes DarcyMiramontes

Downtown San Diego has seen a huge surge in development activityin recent years. This year, the market is poised to deliver arecord 2,453 new apartment units, with 2,000 already delivered inthe first half of the year, according to new research fromJLL. There are currently more than 3,600 apartmentunits under construction in Downtown San Diego with the remainderof the units scheduled for delivery in 2019 and 2020. The pipelinein Downtown San Diego represents more than half of the totalconstruction activity in the market, and the East Villageneighborhood is seeing the majority of the activity.

“After historically being a primarily suburban residentialmarket, San Diego is undergoing a shift to urban living, and theCity's planning agency has simplified the approvals process forDowntown,” Darcy Miramontes, EVP at JLL, tellsGlobeSt.com. “Younger renters, especially millennials, want to becloser to work and amenities, and Downtown is San Diego's largestjob center and entertainment hub. Developers have responded to thistrend by increasing development in urban centers.”

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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.