Market Trend: Select Top Five San Diego Office Leases Signed in Q1 2017

The select top office lease signed during the first quarter of 2017 in the San Diego market was at 2022 University Dr. in the Vista submarket. Brightwood College renewed its 51,806-square-foot lease there in a direct deal.

Union Bank signed a lease renewal for 51,428 square feet at the Rio San Diego Plaza building in the Mission Valley submarket. JLL represented the landlord.

Cushman & Wakefield represented the landlord in the execution of a 37,700-square-foot lease at the Atlas-Alpha office building in the Carlsbad submarket.

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Acadia Pharmaceuticals, Inc. leased 26,437 square feet in the Kilroy Centre Del Mar - Bldg. 2 in the Del Mar Heights / Carmel Valley submarket. Newmark Knight Frank and Cushman & Wakefield represented the landlord.

Considine & Considine signed a 20,088-square-foot lease at the Rio Vista Plaza I building in the Mission Valley submarket. JLL represented the landlord in lease negotiations.

This trend is compared to the U.S. National Office select largest lease signings occurring in Q1 2017, which include the 550,750-square-foot lease signed by Oracle at 2300 Cloud Way in the Austin, TX market, the 473,000-square-foot deal signed by the Federal Communications Commission at Sentinel Square III in the Washington DC market and the 395,279-square-foot lease signed by RBC Capital Markets at 200 Vesey St in the New York City market.

The information in this news report is based on CoStar’s First Quarter 2017 Market Report, a 40+ page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 888-226-7404.