The health of San Diego's commercial and residential properties in 2019 probably depends on job creation more than any other economic metric. Assuming that is true, San Diego real estate could have another healthy year.
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San Diego is Ready for More Modern Multi-Family Housing
San Diego is ready for more modern housing. The market is seeing particularly high demand for multifamily housing options that have access to lifestyle amenities, like restaurants and entertainment. The proof lies in the incredible success of new developments, like Greystar’s Park 12, which specifically sought to bring highly amenitized housing to the San Diego market. The property—which delivered the first building in July and will be complete early this year—is in the East Village neighborhood of Downtown San Diego.
San Diego in 2019: 8 Key Real Estate Trends to Look Out For
A year ago, few expected San Diego to attract Amazon HQ2 — and indeed, the city didn't even make the top 20 cut last January — but most expected the region to keep growing, attracting both new companies and people, which it did in 2018. Unless the bottom falls out of the U.S. economy this year, the outlook for San Diego is much the same now as a year ago, though different parts of the metro area and different property types will experience growth differently. The following are eight trends that dominate local CRE at the beginning of 2019, as reported by Bisnow
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