Posts by David Marino

Mixed Signals Wrapping Up 2018 with Offsetting Optimism for 2019

on February 01, 2019

2018 was the first year in 8 years where San Diego County showed an increase of combined office, lab and industrial space above the prior year, bumping up 1.78 million square feet above year end 2017. After several years of annual space availability reductions, 2018 surprised everyone with this increase of total space available. The year also ended with 530,000 square feet more sublease space than year-end 2017, accounting for 30% of the total increase. Generally, these two statistics would be early indicators of a potential supply problem and looming downturn, but real time activity in the market does not make us concerned about the year to come. For the first time in our reporting, there is a mild disconnect with the data and what we are experiencing real time.

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About this Author

David Marino

David Marino is executive vice president of Hughes Marino, an award-winning commercial real estate company with offices across the nation. One of the top commercial brokers in all of Southern California, David possesses unrivaled, comprehensive market knowledge, and writes regularly about San Diego commercial real estate on his blog, Suburban Scoop. Contact David at 1-844-662-6635 or david@hughesmarino.com to learn more.

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