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Why the Smaller Cos. are Commanding SD’s Life Sciences

The strong leasing activity from smaller life-sciences firms is a product of a healthy biotech community that is highly entrepreneurial, JLL’s Grant Schoneman tells GlobeSt.com.

Grant Schoneman Schoneman: “In 2017, we saw strong activity among smaller companies. This is expected to continue in 2018.”

SAN DIEGO—The strong leasing activity from smaller life-sciences firms in the San Diego market is a product of a healthy biotech community that is highly entrepreneurial, JLL managing director Grant Schoneman tells GlobeSt.com. According to the firm’s Q4 2017 life-sciences report for the market, growth and leasing activity among San Diego’s small-to-mid-size companies was exceptionally strong throughout the year, with the market seeing 87% of the completed lease transactions signed with companies that had space needs under 35,000 square feet.

Furthermore, the region’s small companies, with space needs under 7,000 square feet, accounted for 37 percent of the total leasing activity.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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