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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.”

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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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