San Diego Tech Leasing Increases During Pandemic

San Diego tech companies have remained active through the pandemic. According to a new report from CBRE, tech companies in San Diego leased 6.8 million square feet of space in the second quarter, a significant increase of 58% compared to the leasing quarterly average in 2019. San Diego was one of only three markets in the US to see an increase in tech leasing in the second quarter.

“San Diego experienced strong activity in the tech sector through 2019, and the start of 2020 has given San Diego good momentum through the pandemic. Our abundant labor pool coming from the major universities helps those businesses to grow. Large users have continued to look at San Diego as a valuable location and can see beyond the pandemic,” Andy Ewald, first vice president in CBRE’s San Diego office, tells GlobeSt.com.