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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.”

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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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