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San Diego is quickly recovering, as demonstrated by a tremendous increase in investment sales activity and new construction from Downtown to Camp Pendleton. While economic recovery has had its ups and downs throughout the industry, the San Diego market has demonstrated that it is strong enough not only to survive, but also to prosper.

Investment dollars have returned to San Diego, as quality product is trading hands across the office, industrial and retail sectors. In 2011, more than 280 investment sales were completed across all property types, nearly double the number that occurred in 2009. In addition, more than 10 million square feet of space changed hands through investment sales alone last year, while San Diego's retail sector posted its highest volume of investment dollars since 2005. The overall market is recovering as well, as we came into 2012 with higher occupancy in industrial, office and retail properties than we have seen in the past two years.

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