SAN DIEGO—The perception of a lack of parking in Downtown San Diego is one reason why residential growth is outpacing office growth in this thriving submarket, CBRE‘s senior associate, tenant representation, Evan Knudson tells Through census data, Knudson also discovered that

office growth in suburban markets is outpacing office growth Downtown; residential construction this cycle is dominated by apartments, which means more full-time occupancy; Downtown office construction continues to lag behind, and it’s doubtful that developers will build spec; and yet, an influx of new residents will continue to demand additional workplaces Downtown. We spoke exclusively with Knudson, who actually lives, works and plays Downtown, about his findings and what they mean for Downtown San Diego office and multifamily growth.

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