Where are jobs growing? I work in Sorrento Valley in a building which is 1/2 unoccupied and the building next door is 5 stories of emptiness. Driving home I see business space “for lease” signs every 50 feet. I don’t know if this is a local phenomenon but there seem to be more than I’ve ever noticed. Is there a way to find the occupancy rate for business space?
Where are jobs growing? I work in Sorrento Valley in a building which is 1/2 unoccupied and the building next door is 5 stories of emptiness. Driving home I see business space “for lease” signs every 50 feet. I don’t know if this is a local phenomenon but there seem to be more than I’ve ever noticed. Is there a way to find the occupancy rate for business space?
There has been a huge amount of commerical space built over the last 10 years so vacancy rates are between 8-20% in different areas of San Diego. Carlsbad in particular has a large amount of newly built or soon to be built commercial and industrial space and it’s at the top of the vacancy chart with about 20% vacant right now. I do know a couple of mid size Sorrento Valley companies that are building and moving to the Bressi Ranch complex in Carlsbad.
BTW, the county’s unemployment rate “jumped” to 4.5%. Full employment is considered 6% I believe and who knows how many undocumented workers are in the county.
There has been a huge amount of commerical space built over the last 10 years so vacancy rates are between 8-20% in different areas of San Diego. Carlsbad in particular has a large amount of newly built or soon to be built commercial and industrial space and it’s at the top of the vacancy chart with about 20% vacant right now. I do know a couple of mid size Sorrento Valley companies that are building and moving to the Bressi Ranch complex in Carlsbad.
BTW, the county’s unemployment rate “jumped” to 4.5%. Full employment is considered 6% I believe and who knows how many undocumented workers are in the county.
For the past year, Cunningham and Gin have been predicting that San Diego would be able to survive the real estate slowdown without falling into a recession. Now they say they are not sure.
For the past year, Cunningham and Gin have been predicting that San Diego would be able to survive the real estate slowdown without falling into a recession. Now they say they are not sure.
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