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SAN JOSE, CA—Determining whether an open or closed office will work better depends on the user's unique requirements, Cresa San Jose's Robin Weckesser writes in this <b>EXCLUSIVE</b> commentary.
With little undeveloped land in the greater San Diego area, developers are embracing alternative strategies to update space and create environments to meet modern live-work-play demands. How are existing assets being transformed from stale to savvy across property types? As San Diego represents market leadership in both adaptive re-use and green development, hear from those developing in San Diego as they discuss best practices and their approach to opportunities and challenges in the space.
The strength of San Diego's local economy and the availability of capital are supporting interest in the region. Even though San Diego is a smaller market on the West Coast, institutional investors sustain because of the industrial base. Out-of-market capital from Orange and LA counties are bidding up office assets as users expand in response to the flourishing biotechnology sector. Hear from investors, institutional and otherwise, as they discuss the factors that pique their interest in the region.
Primarily comprised of millennials and baby boomers, the modern renter demographic demands cutting-edge amenities paired with walkable urbanism. These trends are revitalizing San Diego's urban core and motivating mixed-use opportunities outside of Downtown. Multifamily lenders stand at the ready to fund projects with an emphasis on long-term returns. Hear from all facets of the multifamily community as they discuss the current environment and the sustainability of current marketplace momentum.
San Diego's leaders gather to discuss the state of commercial real estate in this dynamic marketplace. Ranked as a top market to watch in 2015, innovation industries and a growing millennial population, among other factors, are moving CRE forward. Hear from local visionaries as they discuss driving factors, challenges, opportunities, and bullish forecasts for this burgeoning region.