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San Diego CommercialReal Estate Overview
The San Diego MarketCBRE | Page 2
The San Diego Market     Large R&D clusters will                     Strong demand for tech consumer    support recovery o...
The San Diego Market                  CAMP PENDLETON                    CARLSBAD               ESCONDIDO       LA JOLLA   ...
Transportation                San Diego International Airport (SAN)                                                       ...
TransportationCBRE | Page 6
Major Office Submarkets  UTC / LA JOLLA   NORTH BEACH CITIES       DEL MAR HEIGHTS       KEARNY MESA                     R...
Major Industrial Submarkets                                           VISTA                       MIRAMAR                 ...
Trade Routes                                 SEATTLE                           PORTLAND                                   ...
Baja, Mexico  MEXICALI   17M SF                                              ENSENADA                                     ...
Net Migration                  25,000                  20,000                  15,000                  10,000             ...
Inventory                 • Office: 66M SF                 • Industrial: 200M SF                 • Retail: 68M SFCBRE | Pa...
100                                                                                                      150              ...
San Diego Facts• 7.9% of San Diego employees work in high tech• Over 500 biotech start-ups• 1Q12, San Diego the 2nd larges...
San Diego Facts• San Diego County has the 2nd largest population in California  and 5th in the US.• San Diego County has t...
Major EmployersCBRE | Page 16
Defense IndustryCBRE | Page 17
Teletech IndustryCBRE | Page 18
Intel Ramps Up Hiring in San DiegoCBRE | Page 19
CBRE | Page 20
CBRE | Page 21
Cruise Ship Arrivals Worth Millions                 2012/13 Season: September -                 June                 Sched...
Hotel Del CoronadoCBRE | Page 23
Solar IndustryCBRE | Page 24
Research InstitutesCBRE | Page 25
Biotech Hub Comparisons                                Cost of Living Index                                               ...
Scientific R&D Employment                                                          % of Total, March 2012                 ...
Downtown San Diego                                           East Village  Gaslamp Quarter                      Balboa Par...
Recent Activity     Where are we now compared to one year ago?                                                        Offi...
The Rent Cycle         Source: CBRE EconometricsCBRE | Page 30
The Rise of the Creative Class                 The 3 T’s of Economic Development                  Technology             ...
CBRE | Page 38
Top 10 Biotech RegionsCBRE | Page 39
CBRE | Page 40
Regional Enterprise Zone    ARE YOU IN THE ZONE?    •            Sales & Use Tax Credits    •            Hiring Credits & ...
Invest. Innovate. Grow.
Invest. Innovate. Grow.
The Border: A New Perspective•   10 States•   90 Million People•   $3.5 Trillion GDP•   6 Largest GDP                     ...
Cali Baja Bi-National Mega-Region• 6.6 Million People• $205 Billion GDP• 167,545 Individual Daily Crossings               ...
Imperial Economies    Clean Technology/                 Agribusiness Renewable   Energy   Logistics/ International      Lo...
San Diego Economies  Convention/                Innovation   Tourism/   Military       Local                             I...
Baja EconomiesClean-Tech    MedicalAerospace    Electronics                           Invest. Innovate. Grow.
Cali Baja: Near-Shoring•   Cost to market, lower than China•   Short supply chain•   Minimum disruptions•   50 years of ex...
The DJO Success Story        • 1100 employees in 2003        • 5000 employees in 2011       Revenue (Millions)            ...
Cali Baja: Strategic Industries           Cleantech            Applied Biotech  Source: www.glennmosier.comAdvanced Manufa...
Cali Baja: Combined Assets                      Invest. Innovate. Grow.
Globally Competitive                       Invest. Innovate. Grow.
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CBRE San Diego - Regional Overview

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Highlights San Diego, California regional economy, attractions and infrastructure. Used for out of town prospects and clients.

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CBRE San Diego - Regional Overview

  1. 1. San Diego CommercialReal Estate Overview
  2. 2. The San Diego MarketCBRE | Page 2
  3. 3. The San Diego Market Large R&D clusters will Strong demand for tech consumer support recovery of office products boosts sales for market and creation of components designed and built in startups. San Diego. Private investments in biotech Long-term buildup of Pacific and renewable energy replace naval forces and unmanned federal support. aerial vehicles will benefit San Diego economy.CBRE | Page 3
  4. 4. The San Diego Market CAMP PENDLETON CARLSBAD ESCONDIDO LA JOLLA MISSION VALLEY EL CAJON DOW NTOW N EAST SAN DIEGO CORONADO CHULA VISTA OTAY MESACBRE | Page 4 TIJUANA
  5. 5. Transportation San Diego International Airport (SAN) Tijuana International Airport (TIJ) McClellan-Palomar AirportCBRE | Page 5
  6. 6. TransportationCBRE | Page 6
  7. 7. Major Office Submarkets UTC / LA JOLLA NORTH BEACH CITIES DEL MAR HEIGHTS KEARNY MESA RANCHO BERNARDO EAST COUNTY 7 Million SF 2.1 Million SF 4.5 Million SF 8.3 Million SF / POWAY 3.2 Million SF 4.2 Million SFDOWNTOWN CARLSBAD SORRENTO MESA MISSION VALLEY SOUTH SAN DIEGO12 Million SF 4.8 Million SF 5.8 Million SF 6.5 Million SF 3.7 Million SF CBRE | Page 7
  8. 8. Major Industrial Submarkets VISTA MIRAMAR RANCHO BERNARDO EAST COUNTY 12.1 Million SF 14.7 Million SF / POWAY 13.9 Million SF 19 Million SF SORRENTO MESA CARLSBAD KEARNY MESA SOUTH BAY OTAY MESA 15.7 Million SF 13.7 Million SF 18 Million SF 13.3 Million SF 15.1 Million SFCBRE | Page 8
  9. 9. Trade Routes SEATTLE PORTLAND SALT LAKE CITY DENVER SACRAMENTO SAN FRANCISCO BAY AREA LAS VEGAS ALBUQUERQUE GREATER LOS ANGELES PHOENIX SAN DIEGO 1.5 Hour Flight TimeCBRE | Page 9
  10. 10. Baja, Mexico MEXICALI 17M SF ENSENADA 2M SF TECATE 3M SF TIJUANA 60M SF SAN DIEGOCBRE | Page 10
  11. 11. Net Migration 25,000 20,000 15,000 10,000 5,000 0 08 09 10 11 2008 2009 2010 2011 Domestic 2,860 1,155 6,308 816 Foreign 12,217 11,028 11,658 9,591 Total 15,077 12,183 17,966 10,407 Sources: IRS (top), 2010; Census Bureau, 201 1CBRE | Page 11
  12. 12. Inventory • Office: 66M SF • Industrial: 200M SF • Retail: 68M SFCBRE | Page 12
  13. 13. 100 150 200 250 300 350 50 0 1Q 1991CBRE | Page 13 1Q 1992 1Q 1993 1Q 1994 1Q 1995 1Q 1996 1Q 1997 1Q 1998 1Q 1999 Source: FHFA 1991Q1 = 100, Non Seasonally Adjusted prices 1Q 2000 1Q 2001 1Q 2002 1Q 2003 1Q 2004 1Q 2005 1Q 2006 US SAN DIEGO 1Q 2007 1Q 2008 1Q 2009 1Q 2010 1Q 2011 1Q 2012 Home Prices
  14. 14. San Diego Facts• 7.9% of San Diego employees work in high tech• Over 500 biotech start-ups• 1Q12, San Diego the 2nd largest Venture Capital region in USCBRE | Page 14
  15. 15. San Diego Facts• San Diego County has the 2nd largest population in California and 5th in the US.• San Diego County has the 3rd highest GDP in California and 16th in the US.• If San Diego County was a country, it would be the world’s 47th strongest economy.CBRE | Page 15
  16. 16. Major EmployersCBRE | Page 16
  17. 17. Defense IndustryCBRE | Page 17
  18. 18. Teletech IndustryCBRE | Page 18
  19. 19. Intel Ramps Up Hiring in San DiegoCBRE | Page 19
  20. 20. CBRE | Page 20
  21. 21. CBRE | Page 21
  22. 22. Cruise Ship Arrivals Worth Millions 2012/13 Season: September - June Scheduled Arrivals: 79 Passengers: 250,000 Economic Impact: >$100 MillionCBRE | Page 22
  23. 23. Hotel Del CoronadoCBRE | Page 23
  24. 24. Solar IndustryCBRE | Page 24
  25. 25. Research InstitutesCBRE | Page 25
  26. 26. Biotech Hub Comparisons Cost of Living Index Median Home Price Thousand $ U.S. Base 100 200 185 700 643 180 154 600 160 147 139 140 500 434 120 392 381 SAN FRANCISCO 400 SAN FRANCISCO 100 LOS ANGELES LOS ANGELES 300 SAN DIEGO 80 SAN DIEGO BOSTON BOSTON 60 200 40 20 100 0 0 Sunny Days Commute Time 300 284 35 32.6 32.2 31.7 Minutes 266 259 250 30 24.8 200 25 200 SAN FRANCISCO 20 SAN FRANCISCO 150 LOS ANGELES LOS ANGELES 15 SAN DIEGO SAN DIEGO 100 BOSTON BOSTON 10 50 5 0 0 Source: Sperling’s Best PlacesCBRE | Page 26
  27. 27. Scientific R&D Employment % of Total, March 2012 California San Francisco Oakland San Jose San Diego 0.8 1.0 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 Source: California Association of Realtors, Moody’s AnalyticsCBRE | Page 27
  28. 28. Downtown San Diego East Village Gaslamp Quarter Balboa Park Embarcadero District Little ItalyCBRE | Page 28
  29. 29. Recent Activity Where are we now compared to one year ago? Office Industrial Retail Vacancy 16.2% 10.4% 7.0% Lease Rate $2.11 $0.86 $1.76 Net Absorption 315,141 329,930 239,718 Lease Activity 1,429,725 3,836,384 1,294,312 Construction 443,516 291,787 239,718 Source: CBRE Research, 2Q12 StatisticsCBRE | Page 29
  30. 30. The Rent Cycle Source: CBRE EconometricsCBRE | Page 30
  31. 31. The Rise of the Creative Class The 3 T’s of Economic Development  Technology  Talent  ToleranceCBRE | Page 37
  32. 32. CBRE | Page 38
  33. 33. Top 10 Biotech RegionsCBRE | Page 39
  34. 34. CBRE | Page 40
  35. 35. Regional Enterprise Zone ARE YOU IN THE ZONE? • Sales & Use Tax Credits • Hiring Credits & Recruitment Assistance • Accelerated Depreciation Deduction • State Grant & Contract Priority • Permit & Application Priority • Financial & Technical Assistance ProgramsCBRE | Page 41
  36. 36. Invest. Innovate. Grow.
  37. 37. Invest. Innovate. Grow.
  38. 38. The Border: A New Perspective• 10 States• 90 Million People• $3.5 Trillion GDP• 6 Largest GDP Invest. Innovate. Grow.
  39. 39. Cali Baja Bi-National Mega-Region• 6.6 Million People• $205 Billion GDP• 167,545 Individual Daily Crossings Invest. Innovate. Grow.
  40. 40. Imperial Economies Clean Technology/ Agribusiness Renewable Energy Logistics/ International Local Trade Invest. Innovate. Grow.
  41. 41. San Diego Economies Convention/ Innovation Tourism/ Military Local Invest. Innovate. Grow.
  42. 42. Baja EconomiesClean-Tech MedicalAerospace Electronics Invest. Innovate. Grow.
  43. 43. Cali Baja: Near-Shoring• Cost to market, lower than China• Short supply chain• Minimum disruptions• 50 years of experience• Lean manufacturing• Bilingual and bicultural Invest. Innovate. Grow.
  44. 44. The DJO Success Story • 1100 employees in 2003 • 5000 employees in 2011 Revenue (Millions) Milestone:1250 2006 consolidates distribution in Tijuana1050 Milestone: 1995 starts operations850 in Tijuana650450250 50 1995 2000 2004 2006 2011 Invest. Innovate. Grow.
  45. 45. Cali Baja: Strategic Industries Cleantech Applied Biotech Source: www.glennmosier.comAdvanced Manufacturing Logistics Invest. Innovate. Grow.
  46. 46. Cali Baja: Combined Assets Invest. Innovate. Grow.
  47. 47. Globally Competitive Invest. Innovate. Grow.

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