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Real Estate/Development

Jan. 20, 2004

San Diego Towers Above Rest With New Construction

BY JULIE NAKASHIMA CREJ Staff Writer This year looks to be pivotal for the San Diego office market. The market's outlook for 2004 will be shaped by construction starting on the first new downtown office tower in more than a decade, growth of positive net absorption and stabilizing vacancy rates.

BY JULIE NAKASHIMA
CREJ Staff Writer

This year looks to be pivotal for the San Diego office market.

The market's outlook for 2004 will be shaped by construction starting on the first new downtown office tower in more than a decade, growth of positive net absorption and stabilizing vacancy rates.

As 2003 drew to a close, local developer Robert V. Lankford achieved the requisite 50 percent pre-leasing and financing to begin constructio...

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