La Jolla UTC has become the technology hub of San Diego in the past five years. The Irvine Co., which owns a number of buildings in the market, has recently leased 115,000 square feet to a number of technology firms in the market. The real estate owner says that proximity to UC San Diego, top talent and workplace communities have helped to attract tech companies to the market and to grow in the market.
“The growing ecosystem of technology companies that are choosing to make San Diego home are looking for flexible lease terms and workspaces that foster creativity, innovation and collaboration while seamlessly helping employees blend work and life,” John Turner, regional VP at Irvine Co. office properties. “For example, we have specifically crafted 'ReadyNow' offices and suites, which are in high demand for technology companies who want flexibility, fast move-in and limited disruption when it comes to accommodating their growth needs.”
The recent lease transactions include AbacusNext, which leased 65,000 square feet at Eastgate Summit, as well as leases signed by Housecall Pro, Wrike and Fairway Technologies. While tech companies are looking in the market, the Irvine Co. also put its best foot forward to secure these leases. “We've spent a considerable amount of time researching the needs of these companies and anticipating what their future needs will be. At the top of the list: walkable communities with comfortable outdoor work areas that take advantage of the region's climate,” Turner says. “Our La Jolla UTC workplace communities feature what we call the “Commons,” open-air gathering spaces for socializing and meeting or simply taking a moment to recharge.” In addition, it is also providing healthy food options onsite, health services through KINETIC and fitness options with walking trails, onsite gyms and bike sharing.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.