What Can We Expect From Spec Office?
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Tashakorian: “There is increasing competition to secure land for office development projects.”
SAN DIEGO—Expectations on speculative-office development vary from market to market in Southern California, and each region has its challenges, experts tell GlobeSt.com. We spoke exclusively with those in-the-know from different parts of the overall market to get their take on what we can expect from the spec-office sector in the near term.
Ben Tashakorian, First VP investments, Marcus & Millichap, San Diego: “While San Diego is leading speculative-office development overall, land normally slated for office development in San Diego’s downtown and urban markets is selling for substantially more formultifamily and mixed-use development projects. As a result, there is increasing competition to secure land for office development projects.”…
