Follow Cresa San Diego

Cresa San Diego
3580 Carmel Mountain Road
Suite 150
San Diego, CA 92130
858.794.5500 tel
858.794.5514 fax
Email
Map/Directions

Contacts

Simon Terry-Lloyd, MBA, LEED AP
Managing Principal
Email
858.794.5503 tel

San Diego

As part of the largest tenants-only commercial real estate platform in the world, Cresa San Diego tracks office and industrial trends in numerous submarkets extending from the U.S./Mexico border north to Camp Pendleton, an area accommodating approximately three million people which make up San Diego County.  The county is divided into three distinct areas: South County, Central County and North County.   South County has a large concentration of industrial activity, including maquiladora operations on both sides of the border. Central County (a highly sought after area) is made up of San Diego’s downtown central business district and extends north to include the University Towne Centre and Del Mar Heights Class A office markets.  Central County consists of a mix of office, corporate headquarters, life science, and warehouse/distribution industrial product.  North County, like South County, has a larger percentage of industrial space users as well as a lesser mix of office and R&D companies.

The economic base of San Diego County has become very diverse with major contributors being government contracting in the fields of defense and aerospace engineering, tourism, manufacturing, biotechnology, healthcare, finance and education.

Cresa San Diego

Cresa’s San Diego office is led by three managing principals with an average tenure in excess of 30 years’ experience in the San Diego County market.  The experienced team includes a mix of long term tenant representative brokers, former landlord brokers from the largest national brokerage firms, aggressive young brokers with strong real estate and finance training, and a full-time project manager.  Their impeccable reputation and work ethic is evidenced by their long term, proven track record in the marketplace.

Mission

Our mission is to provide customized solutions exclusively for corporate space users by offering fully integrated services that align their real estate needs with their business plans, delivering maximum cost savings and exceeding expectations.

Vision

Our vision is to be the exception in the commercial real estate industry: A company that is service-oriented rather than transaction-oriented, with advisors who are client focused not deal focused. 

Values

We are guided by the concept, “Do the Right Thing,” both internally and externally. We will always do what is right for the client’s best interest and put that interest before our own. We treat our clients and employees with respect, dignity and fairness in all matters.

  • Downtown Office

    Class A - First Quarter 2017

    Supply
    6,754,951 SF
    Vacancy
    8.7%
    Absorption
    -45,586 SF
    Avg. Lease Rate
    $2.93/SF Full Service
  • Downtown Office

    Class B - First Quarter 2017

    Supply
    6,028,941 SF
    Vacancy
    15.6%
    Absorption
    302,675 SF
    Avg. Lease Rate
    $2.34/SF Full Service
  • Suburban Office

    Class A - First Quarter 2017

    Supply
    28,752,824 SF
    Vacancy
    11.7%
    Absorption
    19,553 SF
    Avg. Lease Rate
    $3.14/SF Full Service
  • Suburban Office

    Class B - First Quarter 2017

    Supply
    48,311,424 SF
    Vacancy
    10.7%
    Absorption
    41,997 SF
    Avg. Lease Rate
    $2.45/SF
  • San Diego Industrial Market

    Overall - First Quarter 2017

    Supply
    189,910,131 SF
    Vacancy
    5.3%
    Absorption
    -73,712 SF
    Avg. Lease Rate
    $0.56/SF Triple Net

Market Insights

People

Eric Baugh Senior Vice President, Project Management 858.794.5515
Jesse Brennan Advisor 858.369.5414
Natalie Corona Business Manager 858.369.5418
Glenn Friedrich Managing Principal 858.794.5505
Tommy Friedrich Advisor 858.369.5416
Alex Johnstone Associate, Project Management 858.369.5417
Don Mitchell Managing Principal 858.794.5501
Ryan Mitchell Advisor 858.794.5506
Rich Porreco Managing Principal 858.794.5510
Teresa Ruiz Marketing Associate 858.794.5500
Russ Sande Managing Principal 858.794.5504
Zach Shaw Advisor 858.369.5415
Simon Terry-Lloyd, MBA, LEED AP Managing Principal 858.794.5503
Justin Walseth Senior Vice President 858.794.5507

News

Success Stories

Client Location Sq. Footage
Activision | Blizzard Carlsbad, CA  18,514 
Allergy and Asthma Medical Group San Diego, CA  11,532  
Cal Amp, Inc. Carlsbad, CA  25,000 SF 
Centre For Healthcare San Diego, CA  74,000 
Chicken of the Sea San Diego, CA  28,769 
Dauntless Pharmaceuticals San Diego, CA   
First Dental Health San Diego, CA  10,000 
Hunter Douglas Inc. Poway, CA  133,125 
Information Systems Laboratories, Inc. San Diego, CA  30,097 SF 
IONIS Pharmaceuticals Carlsbad, CA  12.35 Acres 
ITT Educational Systems, Inc. National City, CA  44,000 
L-3 Communications San Diego, CA  30,097 
Larrabee, Mehlman, Albi & Coker LLP San Diego, CA  10,681 
LPL Financial - San Diego San Diego, CA  415,000 
Pall Corporation San Diego, CA  25,773 
Retail Inkjet Solutions, Inc. (RIS) Carlsbad, CA  17,204 
Sherpa Clinical Packaging San Diego, CA  37,593 SF 
Shire Regenerative Medicine San Diego, CA  Phase 1 - 250,000 SF / Up to 800,000 
SmartDraw Software San Diego, CA  19,908 

Subleases & Sales

Property Available Space Rental Rate
Lease: San Diego - 9710-9712 Distribution Avenue
9710-9712 Distribution Avenue
San Diego, CA 92121
17,830 RSF, 9712 Distribution Ave $0.80/SF, Triple Net
Sublease: San Diego - 9909 Mira Mesa Boulevard
9909 Mira Mesa Boulevard
Suite 300
San Diego, CA 92131
19,908 SF (divisible), Suite 300 Negotiable
Sublease: San Diego - 22 W 35th Street
22 W 35th Street
Suites 201-203 & 206-207
San Diego, CA 91950
2,131-4,920 RSF, Suites 201-203 & 206-207 $1.70/SF, Triple Net
Sublease: San Diego - 2670 N Main Street
2670 N Main Street
Suite 370
Santa Ana, CA 92075
2,267 RSF, Suite 370 $1.50/SF, Gross +Utilities
Sublease: San Diego - 3655 Nobel Drive
3655 Nobel Drive
Suite 290
San Diego, CA 92122
1,662 RSF, Suite 290 Negotiable
Sublease: San Diego - 13290 Evening Creek Drive S
13290 Evening Creek Drive S
Suite 250
San Diego, CA 92128
8,537 RSF, Suite 250 $2.40/SF, +Utilities
Sublease: San Diego - 12400 High Bluff Drive
12400 High Bluff Drive
6th Floor
San Diego, CA 92130
17,361 SF, Partial 6th Floor $2.95/SF, +Electric
Sublease: San Diego - 1200 Prospect Street
1200 Prospect Street
Suite G-100
La Jolla, CA 92037
2,657 RSF, Suite G-100 $4.25/SF, Net of Utilities
Sublease: San Diego - 3702 Fourth Avenue
3702 Fourth Avenue
Suite 200
San Diego, CA 92103
1,972 RSF, Suite 200 $2.25/SF, +Utilities
Sale: San Diego - 2293 Cosmos Court
2293 Cosmos Court
Carlsbad, CA 92011
47,762 SF

Testimonials

 
“In the end, we ended up with a deal that was far more favorable economically than my own best case scenario.  You over-delivered on your promises and were tenacious when I think many brokers would have counseled us to just meet in the middle.  Your communication during the entire process, and the integrity you demonstrated to all parties, drove us to an outcome that I would say was an eleven on a ten point scale.  Your personal attention to our transaction was greatly appreciated.”
CEO - BYCOR General Contractors
 
 
“In our first meeting, you let us know what to expect on the open market as well as the renewal process.  You then provided accurate market information to back it up.  You were able to obtain terms and conditions that started seven months before our lease expired and our rent was reduced by over 57 percent for the first seven months of our lease.  In addition, our lease rate over the term was reduced considerably from our old lease.  The entire process took less than one month, so we were able to realize the savings very quickly.  I can not tell you how important this is to us during these tough economic conditions.”
President - Dowling Construction, Inc.
 
  “It is a pleasure working with you on our office space needs.  It’s amazing that we have been working together for over 17 years.  In each instance, Employment & Community Options was looking for new or additional office space.  You are an excellent representative for the tenants’ interests.  You quickly learned about our needs and requirements and sought out appropriate sites for us to visit.  In each situation, we located offices that met our needs and matched our budget restrictions.  I would highly recommend your services to anyone looking for a commercial real estate broker. ”
Nancy Batterman
CEO - E&CO, Formerly Employment & Community Options
 
“Cresa promoted themselves as ‘Tenant Advocates.’  Had I not suffered through three previous brokers, I probably would not have given that term a second thought.  Being unfamiliar with the term, I asked Glenn what it meant.  He explained that Cresa represented tenants only, not landlords or owners.  Based on my previous experience, I found this dynamic to be most unusual.  In fact, one of the previous brokers actually tried to represent us as well as the owner of the building.  The tremendous price and terms Glenn ultimately negotiated on our behalf came as a direct result of this independent representation.”
Ken Wilson
CFO - Preston Estate Planning, A.P.L.C.
 
  “Over the course of six weeks, with integrity, professionalism and deal-making savvy, you addressed and pressed every point of the proposed lease with the landlord, extracting incremental concessions during each phone call that represented for us many thousands of dollars in savings.  The outcome, as you know, was an extraordinarily attractive lease agreement - far more attractive than I had envisioned in my dreams.  I can say with certainty, you extracted every concession that could be extracted from the landlord, and there was no money left on the table.  We couldn’t be happier.”
Kenneth N. Bender
Founder and Managing Director - Software Equity Group, L.L.C.
 
  “WAXIE Sanitary Supply has had a 14 plus year business relationship with Don Mitchell that has been and is very instrumental in the development of our business infrastructure needs.  Don wanted to first understand our needs and then began helping fulfill our requirements that others were unable to perform to our satisfaction.  Since Don has moved to Cresa San Diego, the relationship has grown stronger and our faith in his advice has been earned through dedication and hard work.  In short, he has our trust and confidence by always being our personal ‘Tenant’s Advantage.’”
VP, Corporate Operations/IT - WAXIE Sanitary Supply

Market Statistics

Office | Class "A" Office | Class "B" Industrial Properties