Downtown San Diego welcomes sprawling life science campus on site of Manchester's Pacific Gate development. New commercial real estate development in marina district meant to diversify the tenant mix in the downtown submarket hopes to attract Top 50 biotech tenants.
Urbanization's Effect on Commercial Real Estate
The great recession killed the suburbs. Since 2007, metropolitan cities across the country have experienced a migration of residents towards urban living environments. This trend could be the answer to urban decay, with many seeking more fiscally practical and cohesive living arrangements. Referred to as "re-urbanization", the trend is the opportunity San Diego needs to return neglected areas of downtown to their former prestige. Large adaptive reuse and infill projects have gained traction from Little Italy to East Village, including dynamic public spaces, but it will require buy-in from local employers before the transformation of 'America's Finest City' reaches its potential.