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The submarket is attractive because of its proximity to the CBD and the Galleria; overall, investors are looking for assets with the notion that the energy downturn is in the past and now is the time to re-enter the market.
The major unknown in the forecast for net absorption in office space for 2018 is what will happen with tax reform and other national policy initiatives, says the NAIOP Research Foundation.
Former co-owner Kearny Real Estate has worked with the City to re-entitle and redevelop the 24-acre iconic property, which has serious potential for office tenants, Hoonie Kang tells GlobeSt.com.
“A concentrated focus on STEM in higher education has given tech companies new markets to target outside of traditional tech hubs,” says Julia Georgules at JLL.
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.
Spaces' company motto is “success breeds more success,” so the firm chooses to enter markets where there is innovation happening in industries of all kinds, VP of development Michael Berretta tells GlobeSt.com.