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Life Science Fuels Growth in San Diego’s Office Market

High Levels of Venture Funding Spur Expansions by Biotech Firms
Biotech firm Omniome recently leased more than 74,000 square feet in this Sorrento Mesa office property, where renovations are currently underway. (HCP Life Science Properties, CoStar)
Biotech firm Omniome recently leased more than 74,000 square feet in this Sorrento Mesa office property, where renovations are currently underway. (HCP Life Science Properties, CoStar)
CoStar News
August 12, 2019 | 7:54 P.M.

Life science companies more than doubled their leasing activity in San Diego last quarter following a surge in investment in the industry locally, a sign that growing sector could pay real estate dividends for office and laboratory landlords for at least the rest of the year, according to brokerage firms and recent CoStar data.

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