Allison Landa is a contributor to Real Estate Southern California, from which this article was excerpted.
Quieter times have come to Downtown San Diego. In the past few years, high-rise condominium development has spearheaded the area's growth–but this trend has cooled noticeably, according to many of the industry's local players. Moreover, they say, Downtown San Diego as a whole is seeing less activity than in past years.
“I would say that overall activity in Downtown is pretty flat,” notes Andy La Dow of Grubb & Ellis/BRE Commercial Real Estate. “We're coming off a negative net absorption of [about] 160,000 sf during 2006. This year, we've had year-to-date positive absorption of 120,000 sf [as of August], which gets us a little bit more to where we have historically been meeting in the past six years.”
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