Cassidy Turley San Diego is the local market leader in commercial real estate services. The company’s regional presence includes more than 160 professionals in five local offices. Selected as one of the "Best Places to Work in San Diego" by the San Diego Business Journal in 2012 and one of “The Most Admired Companies in San Diego” by SD Metro Magazine in 2011, the firm completed more than 1,300 transactions totaling over $1.2 billion last year.
Our offices serve owners, investors and tenants with a full continuum of integrated services – including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Our professionals specialize in industrial, investment, office, life sciences, medical, retail, multi-family, restaurant/fast food, and healthcare property types as well as undeveloped land. We represent more than 150 million square feet of industrial, office and retail properties and manage more than 2.5 million square feet on behalf of institutional, corporate and private clients. In 2011, we completed more than $350 million in investment transactions.
About the San Diego Commercial Real Estate Market
San Diego County, comprised of 18 incorporated cities, covers a total area of 4,526 square miles with a population of more than three million. The three largest sectors contributing to San Diego’s economy are government; professional and business services; and trade, transportation and utilities. Other major sectors include leisure and hospitality; education and health services; biotech; telecommunications; wireless; electronic; and software. Due to its proximity to the international border, San Diego is an ideal location for companies engaged in international trade.
As of 2012 YTD, the San Diego real estate market consists of over 111 million square feet of office space, 190 million square feet of industrial space, and 136 million square feet of retail space with vacancy rates around 14%, 11% and 5%, respectively. At 4% vacancy rate, San Diego remains one of the strongest multi-family markets in the country due to positive demographic trends and numerous barriers to entry, including high land costs, a large rental population (Generation Y or those born around 1976 to around 2000) and extremely limited new multi-housing development.
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