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California  + San Diego  | 

San Diego Life Sciences Sector Stays Hot

The life sciences sector is performing at an all-time high in San Diego, according to new research from Cushman & Wakefield. The Q1 2017 Life Science/Lab Report reveals that all major life science landlords are at 90%+ occupancy, with the San Diego market experiencing increased tenant demand, low and declining vacancy and rising rental rates.

Cushman & Wakefield’s Ted Jacobs said, ““San Diego’s biotech community has a legacy of building and maintaining a strong entrepreneurial base. With the rise in funding activity, IPOs, and M&A, local entrepreneurs are being offered a good opportunity to grow and generate new companies, as well as make successful exits. As a result, San Diego continues to be a global epicenter for innovation and R&D.”

Life Science Sector Highlights:

  • Torrey Pines continues to capture majority of leasing activity by both square footage and number of deals
  • Development ramps up in University Town Center, due to constrained amount of large blocks of supply
  • Roughly 42% of total lab inventory and 62% of all available space is owned by Big 3: Alexandria Real Estate, Biomed Realty and HCP
  • Life science availability hit 8.7% in Q1 2017

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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