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Downtown San Diego is experiencing a revitalization—following in the footsteps of West Coast markets like Downtown Los Angeles and Seattle, which have also seen a recent resurgence. While revitalization comes with great development and economic growth, it also comes with challenges, like affordability issues and community acrimony. These issues have rocked other resurgent West Coast markets and have already begun in San Diego. But, it is early, and the city has an opportunity to learn from its neighbors.

“We have seen examples of San Francisco and Seattle where prices became so extraordinary that it has really put a strain on the downtown ecosystem,” Dave Malmuth, a partner at I.D.E.A. District, tells GlobeSt.com. “We need to be mindful that we already have huge housing pressures and affordability is already a big issue for many people in San Diego. While we are busy trying to grow our jobs base, we need to figure out how we can grow our units, particularly in the mid-price range and the lower price range.”

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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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