Life Science, Biotech Industries Head to San Pedro

Sally Zesut

San Pedro has always been an active and tight industrial market, but now, life science, biotech and ocean research companies are leading the office growth in San Pedro. Thanks in large part to ongoing development and growth at the ports, the office market in San Pedro has been tightening. This year, more development along the San Pedro waterfront and leasing activity from these industries will position the office market in San Pedro for more growth.

“Companies that call San Pedro home are enjoying the benefits of an expanding number of economical residential choices as compared to other Southern California markets, a growing base of retail options, and are looking forward to more amenities and improvements to San Pedro’s downtown and waterfront over the next year or so,” Sally Zesut, VP at Avison Young, tells GlobeSt.com. “We expect to see additional life science, ocean research, biotech and other companies that benefit from the port, waterfront-adjacent real estate, and coastal Los Angeles location to give San Pedro serious consideration for their site selection needs.”