New Technology Corridor Emerging in San Diego
San Diego is the kind of place where a 4,000-acre planned community springs out of the ground seemingly overnight, so it’s not surprising to learn that a new freeway-oriented technology corridor is emerging to challenge the one along Interstate 5.
Research and development construction along Interstate 15 is making the corridor a major competitor of the more mature Interstate 5 strip to the west, according to Ken Satterlee and Mike Conerty of John Burnham & Co., San Diego. The two freeways are San Diego County’s major north-south links.
The two brokers say that the I-15 corridor’s industrial growth includes high development standards and quality for both industrial and commercial projects. The quality of life is high in this inland stretch of the county, as evidenced by communities such as Escondido and Rancho Bernardo, Conerty said.
Rancho Bernardo and Carmel Mountain Ranch, both north of well-established industrial areas of Scripps Ranch, are major development areas in the I-15 corridor, with Rancho Bernardo boasting the 635-acre Rancho Bernardo Industrial Park, the second largest in San Diego County.
Total absorption for the R&D; market in Rancho Bernardo/Carmel Mountain Ranch last year was about 340,000 square feet, Satterlee said.
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