This fits what my husband (architect) is seeing on the ground. What commercial clients they have are going up to – but not through – the permit process for non-hospital work. Once the permit is pulled the clock starts ticking – and they’re not starting that clock yet.
On hospitals – the permit process is a completely different agency (OSHPD) – and the opposite is happening – permits being pushed through the state beauracracy – but then projects being put on hold. This is true for a few hospitals in San Diego.
As was mentioned – Sorrento Valley/Mesa is full of vacancies – big stand alone buildings as well as large sections of multiple tenant buildings. And new tenants aren’t doing a lot of tenant fit-out… so architects and contractors are feeling the decline big time.
