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2019 Q2 San Diego Central County Life Science Report

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Life Sciences

San Diego County saw over 400,000 SF of Life Sciences leases signed in Q2 2019

Behind the Numbers

  • San Diego has the third largest concentration of life science companies in the US, behind Boston-Cambridge and San Francisco. The region is home to more than 1,225 life science companies and over 15.5 million SF of inventory countywide.
  • Life sciences activity accounts for $33.6 billion in total economic impact in San Diego.
  • San Diego Life Science cluster employs nearly 50,000 people, which is nearly 17% of all life science employment in California.

Market Fundamentals

  • San Diego County saw over 400,000 SF of Life Sciences leases signed in Q2 2019. This amounted to a 240% jump in leases being signed from the prior quarter.
  • Venture Capital firms infused $500 million dollars into the San Diego Life Science community in Q2 2019.
  • Retrophin signed a lease in Carmel Valley with Kilroy, expanding from 20,000 SF to 80,000 SF in Q2 2019 and potentially adding another 15,000 to 20,000 SF before year end.
  • Alexandria Real Estate Equities purchased The Genesis Portfolio in Campus Pointe for $255 million. Alexandria continues to push forward with over 5 million SF of Life Science and Technology office space in San Diego.
  • InhibRX featured their Initial Public Offering for $75 million 2 weeks after receiving $40 million in VC funding. InhibRX also expanded in their current office space to 35,000 SF with newly designed laboratory and office space. COO Brendan Eckleman was quoted on the decision to give the laboratory an amazing view of Torrey Pines Golf Course saying, “…the Science comes first.”
  • Neurocrine Biosciences is exploring the Carmel Valley makert looking to expand 80,000-90,000 RSF.
  • Mirati Therapeutics is close to signing a large lease in San Diego to expand their current footprint, and Fate Therapeutics is also hoping to sign a lease in Q3 or Q4 for a large block of space.


Life Sciences

2019 Q2 San Diego Central County Life Science Report

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Related Experts

Christopher Reutz

Research Director

San Diego

Since 1996, I have consistently achieved success in assisting both internal and external commercial real estate (CRE) clients by providing them with timely and accurate market statistics, trend analysis and relevant reporting.

My goal is to continuously work toward efficient and better ways to accelerate the success of clients.

My specialties include commercial real estate (CRE) market research, statistics, data and analysis; database administration; geographic information systems (GIS); marketing and reporting.

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