Downtown Dirt

The Inside View from Jason Hughes

Can Life Science Save Downtown San Diego?

on July 14, 2020

san diego bayfront commercial real estate pacific gateway project life science

Downtown San Diego office space availability is at a 30+ year high at 34%. Meanwhile, tenant leasing is at an all-time low. And downtown tenants are shedding space at an unprecedented rate. These are all, on their own accord, terrifying facts for downtown landlords. Put all together, it’s a triple witching hour of huge pending property devaluations.

Just when things couldn’t get any worse, out of Torrey Pines comes a potential savior! That’s right–Life Science!

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About this Author

Jason Hughes

Jason Hughes is chairman and CEO of Hughes Marino, an industry-leading commercial real estate firm that exclusively represents tenants and buyers. Jason has written well over 100 articles, is a real estate resource for the Wall Street Journal, and has been profiled in dozens of local and regional publications. Jason is a pioneer in the field of tenant representation, and has been a vocal advocate for the interests of commercial tenants for more than two decades.

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