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Redevelopment Opportunities Set San Diego Up For More Housing

Investors Spent More Than $500 Million in 2021 To Redevelop Commercial Sites
The former DiMille's Italian restaurant in San Diego's Normal Heights neighborhood is one of several commercial properties purchased in 2021 that will be redeveloped into housing. (CoStar)
The former DiMille's Italian restaurant in San Diego's Normal Heights neighborhood is one of several commercial properties purchased in 2021 that will be redeveloped into housing. (CoStar)
CoStar Analytics
February 7, 2022 | 11:17 P.M.

One of the hottest trends among investors in San Diego is buying and repurposing aging industrial, flex or office buildings into high-end lab space to meet the soaring demand among biotech firms that have been driving commercial leasing in the area.

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