Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Paul Britvar Paul Britvar

Warehouse and distribution buildings have driven the majority of San Diego rent growth activity in recent years. According to a new report from Newmark Knight Frank, rents for warehouse and distribution space have increased more than 50% in the last five years. San Diego has a diverse pool of industrial users, including life science and R&D activity, and warehouse spaces are the most popular for the region’s user base.

“Warehouse and distribution space is the root for so many product types, and as such is the main driver of industrial rents in San Diego,” Paul Britvar, director at Newmark Knight Frank, tells GlobeSt.com. “At present, Flex, R&D, manufacturing, life science buildings, GMP manufacturing operations and some creative office developments are all derived from simple warehouse buildings, which sets the stage for a balancing act between the availability of warehouse buildings and other product types that are converted into a new use.”

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
  • 1 free article* every 30 days across the ALM subscription network
  • 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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.