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Right now there are about 3.3 million square feet of last mile facilities that are within 20 miles of Logan Circle and only 11% within ten miles of that destination.
The average sales price per square foot continues its march towards triple digits at $81.66 per square foot for the quarter, an increase of $26.66 per square foot from last year's third quarter number.
“We intend to assemble a large foot print of top quality infill industrial properties across the MSA which caters to the increased demands of e-commerce."
San Diego makes a strong case for Amazon locating its second headquarters in East Otay Mesa, but even without it, companies will be drawn to this submarket, Chesnut Properties Lee Chesnut tells RealShare San Diego attendees.
Real estate owners battle the homeless problem in the greater Los Angeles area, but have found that the police are directed not to touch or address the issue.