Otay Crossings Commerce Park is under construction in Otay Mesa, one of the few areas in San Diego where land is available for industrial development. | Courtesy Kearny Real Estate Co. and PCCP LLC

San Diego’s Industrial Inventory is Rapidly Aging (INFOGRAPHIC)

Carrie Rossenfeld Industrial

It’s no secret that industrial vacancy is frighteningly low in Southern California, and San Diego is no exception. Adding to the problem is the fact that nearly all of the existing inventory was built before 2009, meaning that it doesn’t meet current industry demand for state-of-the-art space needed to support e-commerce.

Along with these issues are the current challenges to new development in this market, including rezoning of industrial to higher and best uses such as multifamily and residential and the sheer lack of land available on which to develop this product type.

Cushman & Wakefield’s infographic below illustrates the problems with age and inventory in the San Diego industrial market, weighed against industry demand.

Courtesy Cushman & Wakefield