Search
 

Tech Infant SD Still Tops for Start-Ups

SAN DIEGO—While San Diego's tech scene is still in its infancy stage compared to the likes of Silicon Valley, it remains a Smart City and one of the best regions for technology and business start-ups, JLL's Tim Olson tells GlobeSt.com EXCLUSIVELY.

By Carrie Rossenfeld | Updated on December 18, 2015

SAN DIEGO—While San Diego’s tech scene is still in its infancy stage compared to the likes of Silicon Valley, it remains a Smart City and one of the best regions for technology and business start-ups, JLL SVP Tim Olson tells GlobeSt.com. According to the firm’s recent tech report, San Diego is part of a cluster of US cities considered to be “growth markets” for technology firms. The report also said for tech as a percentage of local leasing, San Diego is eighth highest of all major markets; San Diego has two mega/large-cap technology headquarters, Qualcomm and the North American headquarters of Sony Electronics; and San Diego ranks approximately in the middle of all major markets for VC funding. JLL’s locator matrix shows that San Diego placed in the quadrant of low-cost/high start-up opportunity, a sweet spot for young companies; and Lumedyne and Fitbit are looking for space in San Diego.

In 2014, San Diego was chosen by Forbes as the best city to launch a startup, for its strong technology sector, local innovators, green practices, smart public planning and an unparalleled quality of life, Olson says. Other selection factors included San Diego’s size of population, demographics/cultural diversity, livability, economy and business climate, educational institutions, leadership and a strong sense of community.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.