According to specialists at the Hughes Marino representation firm, downtown San Diego has grown by approximately 36.7% just in the 2010s alone, which means that it’s home to an entire circle of life that is all its own. Some of the best landmarks of downtown San Diego have changed the skylines forever, including the construction of the Emerald Shapery Center, which changed the city’s skyline forever in the 1980s.
The 1990s saw the Emerald Plaza added to the skyline, among many other notorious skyscrapers that again added to the city’s population density, Hughes Marino representation firm adds. Many more multibillion-dollar decisions have been made about the housing market in San Diego since, which continues to change both the skyline of the city and the culture present in the city.
Whether a company is looking to rent commercial office space, or a family wants to rent an apartment or home to live in, the housing market picture of downtown San Diego, which is home to approximately 36,000 residents (1% of San Diego County’s entire population) is constantly changing, Hughes Marino rep firm informs (Finance).
Many different brokers in downtown San Diego are competing for land, space, buildings, and leases, Hughes Marino rep firm specialists recalls. That number continues to grow as more investors purchase land and want to leave their “footprint” in a city where they think there is money to be made. San Diego is still quite an expensive space to either rent office space or a residence.
They finally inform how the average sale price for a square foot currently sits at $5+/per square foot, sometimes topping $6/square foot in certain parts of the city. While it’s not a cheap area or city to live in, the downtown life in San Diego is almost unparalleled in any other part of the United States. This, Hughes Marino finally states, makes it both beautiful and interesting, and to many people, worth the rental prices they pay to enjoy life in such a market!