Top Five San Diego Projects and Trends to Follow for 2020

In a look to the year ahead, the San Diego Union Tribune has highlighted several key news stories to follow as 2020 unfolds. Themes range across the spectrum of business stories, development projects, people moves, infrastructure demands and public policy imperatives.

Key highlights for CRE professionals include:

Projects:

– Horton Plaza Redevelopment: Plans have stalled for the proposed mixed-use office campus.
– SDSU/Mission Valley Stadium: Finalizing the proposed $86.2 million land acquisition critical to developing a stadium for 2022 season.
– Convention Center Expansion: New hotel tax on the 2020 ballot to fund expansion of convention center faces long climb to secure required two-thirds voter approval.

Market Trends:

– Rent Control: For the first time, San Diego County landlords will be subject to a rent control ordinance in 2020.
– Residential Development: San Diego residential construction permits were down 24% year over year at close of 3Q 2019.

Photo Credit: San Diego Union Tribune

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