
Streamline Without Sacrifice: Cost-Cutting That Works
Jason Hughes | April 25, 2025
Business and commercial real estate updates from our industry-leading tenant representation team
From Boom to Doom: The Biotech Wet Lab Meltdown—San Diego Market Report
Hughes Marino | Market Reports
May 13, 2025
From 2020-2022, the biotech industry was the standout of the U.S. capital markets, thanks to the vital role the industry played in the Covid-19 pandemic response and the unprecedented capital investment that flowed into the industry for the diagnosis and treatment of all disease conditions. With that fresh capital, biotech companies leased millions of square feet of biotech wet lab space from 2020-2022 in an unprecedented surge that real estate developers and their landlord brokers thought would last for many years to come. In contrast back in 2023, Hughes Marino began sounding the alarms that a perfect storm was on the horizon for the San Diego region’s biotech wet lab market, that would affect all U.S. wet lab markets. That perfect storm would be comprised of 1) changes in the capital markets that would negatively affect demand, 2) growing wet lab sublease inventory that would unexpectedly increase supply and limit landlords’ pricing power and 3) record levels of excessive new wet lab construction and office-to-lab conversions that would exacerbate the supply problem. We forecasted that these factors would collectively lead to a historic wet lab supply and demand imbalance, which is exactly what has occurred.
Read MoreDemolition and Rezoning: Simultaneously Solving the Office Supply Glut and Affordable Real Estate Shortage
David Marino | Forbes
May 6, 2025
A fundamental tenet of real estate valuation and development is that land gravitates to the highest and best use. The United States has a residential real estate crisis, where Zillow reported in 2024 that there’s a shortage of approximately 4.5 million housing units.
Read MoreJason Hughes | April 25, 2025
Hughes Marino | April 22, 2025
Shay Hughes | April 22, 2025
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Rachel Bliss, Hannah McNeil | March 27, 2025
Hughes Marino | March 26, 2025
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Hughes Marino | March 11, 2025