Thank you for sharing!

Your article was successfully shared with the contacts you provided.

San Diego is ready for more modern housing. The market is seeing particularly high demand for multifamily housing options that have access to lifestyle amenities, like restaurants and entertainment. The proof lies in the incredible success of new developments, like Greystar’s Park 12, which specifically sought to bring highly amenitized housing to the San Diego market. The property—which delivered the first building in July and will be complete early this year—is in the East Village neighborhood of Downtown San Diego.

“Demand is high in San Diego for multifamily housing that offers immediate access to shops, restaurants and more, in addition to variety of onsite amenities that cater to residents’ every need,” Jerry Brand, senior managing director of West Coast-based development company Greystar, tells GlobeSt.com. “Currently, the market is 96% occupied, with demand continuing to exceed supply. Park 12 is helping to meet that demand by offering units suited for a variety of renters—from millennials to baby boomers.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.