Amazon Lease Is a Big Plus for San Diego

Bruce: “The tech base is here and growing, and San Diego’s workforce is also more affordable than San Francisco and Seattle, markets that are tapped out.”

SAN DIEGO—The mixed-use space at Alexandria Real Estate Equities‘ Campus Pointe Office Park that Amazon will occupy strengthens San Diego’s reputation as a viable tech market and one whose ancillary businesses will benefit from the retailer‘s growth here, NKF senior managing directors Steve Bruce and Chris High tell GlobeSt.com. Amazon recently signed a lease for 107,000 square feet of space at 10300 Campus Pointe Dr., a space that will accommodate 500 employees and that represents the giant’s first major office in the region.

While Amazon has a small office presence in Solana Beach and several last-mile distribution centers throughout the area, its latest move here points to San Diego as a growing technology center, and technology companies remain attracted to the region’s talent. According to NKF’s Q3 office report, the University of San Diego graduates an average of 10,000 students each year whose ratio of technology, engineering and science-related degrees is substantially higher than the national average.