Things I learned about local commercial real estate while helping out UT San Diego’s business staff with a special real estate section:
1. Big companies rarely pick up and move their headquarters to San Diego — it’s too expensive (cost of living, taxes) and it’s a rough state to do business. San Diego, however, tends to attract start-ups, presumably because the founders already live there.
3. There’s a Trader Joe’s west of the airport! It’s over at Liberty Station, a mixed use project with office buildings, shopping and schools. Developers Corky McMillin are now working on a similar project in Chula Vista called Millenia.
The UT San Diego published a special section on Sunday (3/17/2013) filled with stories about the market. The market is improving from its low a few years ago, but there’s still room for lots of recovery. I contributed a few Q&As and profiles on local developers and professionals. Check them out:
- Landlords should expand amenities to lure tenants
- Corky McMillin: Branching out beyond home building
- Banking on the draw of downtown
- Cost rising, supply shrinking for premium space