High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + San Diego  | 

Life Sciences Leasing Activity Builds Momentum During Summer

JLL’s recently released Q3 2017 San Diego Life Sciences Report revealed the Summer produced 195,586 square feet of positive net occupancy growth, decreasing total availability to levels not seen since 2007. The inventory of lab space in the San Diego cluster has been on a growth spree during the past seven years.

Since 2010, the local biotech cluster has grown by more than 20%, bringing the total inventory of life sciences space to nearly 15 million square feet.

3Q 2017 Highlights included:
– Companies from outside of the region are selecting San Diego to expand R&D operations. Both Xeris Pharmaceuticals and AveXis signed leases for primary research functions during the quarter;
– Total availability ended the third quarter at 8.3%, a 160 basis point decrease from the prior quarter, and a 330 basis point decrease from Q3 2016;
– The fourth quarter of the year is anticipated to be strong, with the month of October having already secured four completed transactions, accounting for more than 60,000 square feet of total leasing activity.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at JLL Research

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.

New call-to-action
New call-to-action
New call-to-action