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The office and lab space market San Diego has already roared back. Demand for lab space increased 280% since March 2020 and office demand has already surpassed pre-COVID levels, according to research from JLL. The demand is driving both leasing and investment activity in the market.

“The expansion of big tech and the incredible growth in the life sciences industry, which is displacing office tenants as offices buildings are converted to lab buildings, have been the driving forces behind the San Diego office leasing activity,” Tim Olson, senior managing director at JLL, tells GlobeSt.com. Confidence in the re-opening of businesses, easing of COVID restrictions, consumer demand, and an overall sense of confidence in the market has been contributing factors as well. Employers and employees alike are willing to get back to the office setting with an eagerness to move past the last year and a half.”

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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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