Property vacancies down in San Diego
Commercial property vacancies are often an indicator on how a metro area's economy is performing. During a recession, businesses may be unable to afford lease fees and monthly payments, which can leave office buildings empty shells compared to what they once were. However, upon the return of big business, nearby homes for sale in San Diego will be snatched up by young professionals looking for an easy commute and vibrant community.
For example, CoStar Group reported the industrial market in San Diego completed the first quarter of 2012 with a vacancy rate of 10.6 percent, which was down from the final quarter of 2011. One of the biggest moves was UC San Diego Medical Center transferring into 87,632 square feet at Campus Pointe, right near the UC campus.
If you are looking to take advantage of these corporate moves, consider moving to a community close to an area like USC. La Jolla is the perfect example of such a town - this beachfront community is within a few miles of the UC San Diego campus, and is about 14 miles from downtown. By living in La Jolla, you'll have an easy commute and enjoy a beautiful residential neighborhood.