San Diego Faces Potential Industrial Real Estate Crisis
San Diego Faces Potential Industrial Real Estate Crisis
In the Western Real Estate Business Editorial, Executive Vice President of Pacific Coast Commercial, Ken Robak, speaks about the potential industrial real estate crisis in San Diego. Robak mentions, "there is a particularly extreme shortage of small incubator space for startup businesses. With vacancy rates at an all-time-low and land prices and construction costs at elevated levels, in addition to governmental fees, very few developers are taking on the challenge to build more industrial spaces. Innovation and entrepreneurship are the engines of our economic growth, and many of these startups may never get off the ground."
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