Nov 9, 2017, 12:50 PM
San Diego has seen its position among tech markets continue to strengthen, with high profile companies such as Certona Corporation, Tsunami ARVR, and Integrated Device Technology expanding into the market.
Though beyond the new-name brands, tech sector growth is widespread, and continues to be an integral component in the local economy. Even large local firms that are not currently in a growth mode have contributed indirectly to market activity.
Look no further than PTC’s recent acquisition of Qualcomm’s augmented reality business or the spinoff of Daybreak Game Company from Sony. Mergers and acquisitions such as these often shift real estate needs as space requirements change.
Sorrento Mesa, anchored by Qualcomm, is known as the most tech-centric submarket. And other tech firms are spread across Downtown, Del Mar Heights, and the 1-15 Corridor.
This decentralized composition lowers the profile of the San Diego tech scene, to a degree. But with average office rental rates in San Diego that compare favorably to San Francisco, Silicon Valley and Los Angeles, this is a market to really watch on the West Coast.
Researcher: Patrick Ashton | Editor: Michael Cronin