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Rising Industrial Lease Rates Concerning to SD Tenants

With e-commerce creating greater infill demand for last-mile delivery, rates are responding in kind, and Kidder Mathews' Bob Willingham doesn't see them dropping any time soon, he tells GlobeSt.com.

By Carrie Rossenfeld | carrierossenfeld | Updated on August 25, 2017

Bob Willingham Willingham: “Finding land on which to develop is difficult, and the cost to develop in this market has gone up dramatically.”

SAN DIEGO—With e-commerce creating greater infill demand for last-mile delivery, industrial lease rates are responding in kind, and Kidder Mathews‘ SVP and partner Bob Willingham, SIOR, doesn’t see them dropping any time soon, he tells GlobeSt.com. We spoke with Willingham about his greatest concerns regarding San Diego’s industrial lease rates and the types of firms most interested in industrial space here.

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