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How Craft Brewery Industry Changed Local CRE

SAN DIEGO—When breweries open, areas nearby also begin to flourish with restaurants and other retailers arriving, while existing businesses receive boosts of patronage due to the increase in foot traffic. That is according to one source in this EXCLUSIVE Q&A on the subject.

By Natalie Dolce | Updated on December 22, 2014

Part 1 of 2

SAN DIEGO—Between 1986 and 1996, six renowned breweries kicked started the craft brew industry in San Diego County. Since then, those numbers have skyrocketed and as of November 2014, there are more than 95 total operating breweries and brewpubs in the region. That is according to Dave Howard, president of Lee & Associates—North San Diego County. Howard points out that more than half of these brewery licenses have been issued since 2011 and the industry is not showing any signs of slowing down. On the real estate side, he says, he and his team, including Monique Medley and Stephen Crockett, have been working diligently and observing the trends that have shaped this market over the last decade. Globest.com recently caught up with Howard and asked him a few questions about this very hot market and what it means to commercial real estate.

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