San Diego San Diego

San Diego is among the leading markets in the US for wage growth, thanks largely to its innovation and technology hubs, according to a recent report from JLL. The wage growth has been a big win for the office market, because the companies paying top salaries are also shelling out top rents on high-quality office product. The trend is all part of the ongoing war for talent, where companies are fighting to attract professionals.

As wages grow and the war for talent continues, besides raising wages to recruit employees, we are seeing companies leasing high-quality office space to attract workers. Since 2014, the number of employees at high-tech companies has grown by 20%, being a driving force for expansion in the innovation sector,” Pat Ashton, senior marketing analyst at JLL. “Defense, software, and general tech combined represented 32 percent of the office leasing in year-to-date 2019, creating a positive outlook for the future of high-tech jobs in San Diego.”

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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 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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