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Technology and life science industries are keeping San Diego’s office market alive. “Investment capital follows growth and San Diego has seen tremendous growth in the life science and technology sectors,” Bob Prendergast, managing director of JLL capital markets, tells GlobeSt.com about the rebound in investment sales volume this year.

Limited availability in popular life science and technology markets like Torrey Pines and UTC submarkets are driving investment capital into Sorrento Mesa and Sorrento Valley. “Properties designed for office are being converted to life science uses. Well located, but antiquated, office properties are being acquired, demolished and rebuilt as life science facilities,” says Prendergast. “As a result, sales of ‘pure’ office buildings, that will remain as office buildings have been few and far between.”

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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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