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MCA Realty has entered the San Diego industrial market. Improving market fundamentals, including a tightening vacancy rate and rising land values that constrain new development activity. For its foray into the market, MCA has acquired a 40,990 square-foot multi-tenant industrial asset in North San Diego’s Escondido submarket. North San Diego is one of the tightest regions in the market.

“San Diego is an attractive industrial market for several reasons,” Tyler Mattox, a principal at MCA Realty, tells GlobeSt.com. “In addition to its proximity to our Irvine headquarters, market vacancy is tight in the low 5% range and demand has remained consistently strong for the last several years. Additionally, industrial land values in San Diego continue to escalate, as do construction costs. The construction of new projects similar to Auto Park are simply not viable today so there is an increased focus on the renovation of existing underperforming assets.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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