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If anyone needs another sign of the strong industrial demand in San Diego, look to the construction pipeline. According to research from JLL, last year the San Diego market saw the largest number of new industrial deliveries since 2001. There were 15 projects delivered in the market, totaling 2.5 million square feet, close to the market record of 2.7 million square feet in industrial deliveries in 2001. Industrial demand has fueled the new development activity.

“A lack of supply in the market has driven new development in San Diego.  This is acutely evident in space larger than 100,000 square feet,” Andy Irwin, VP at JLL, tells GlobeSt.com. “Ten new leases were signed on buildings completed in 2018 or under construction. The largest transaction involved a 273,000-square-foot build-to-suit for Stone Brewing. With the robust leasing activity in 2018, we have very little supply of new space left countywide. Leasing activity has been very strong by companies in the ecommerce, logistics, and consumer products industry. Class-A industrial space has been in the highest demand prompted developers to scramble to meet this demand over the last two years.”

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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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