A wealth of experience and an entrepreneurial approach give Andrew Sexton, principal at Re:Align, a competitive edge. Maybe it’s because of his background in technology and venture capital, or his years of experience in commercial real estate that inspire his clients’ trust in his advice. It’s clear that Andrew’s keen insight into the current market is an asset.
And what Andrew is seeing in the Del Mar Heights and La Jolla UTC market right now is all about growth and adaptation. “We are seeing an unprecedented demand for lab space in the core life science markets of San Diego,” says Andrew, “which is propping up an otherwise weakened office market.”
“For example, life science REITs are acquiring land and existing office buildings in Sorrento Mesa, Del Mar and Carmel Valley to build new labs or retrofit office buildings to accommodate over a million square foot deficit in lab building supply.” He also says there are more large leases coming. “We will continue to see big tech companies defensively lease-up any large chunks of remaining office space throughout central San Diego in 2021/2022,” he predicts.
Andrew was named Broker of the Quarter for his recent lease negotiation on a combined 31K SF deal with Tandem Diabetes Care, Inc. at One Del Mar and Longboard Pharmaceuticals, Inc. at La Jolla Square. Both properties feature WiFi-enabled outdoor workspaces, state-of-the-art fitness centers, and exceptional dining options.
It’s just these kinds of amenities that attract top talent, says Andrew. “Our clients are vigorously competing for employee talent and look to their workplace environment as an advantage during the recruitment process. Providing modern amenities, collaborative workspaces and a safe environment are all top of mind for our clients.”
As businesses continue to re-evaluate their needs in this unprecedented time, Andrew believes the key is adaptability. “The Irvine Company is acutely aware of what office tenants are looking for and understands how to accommodate those needs,” says Andrew. “Especially in times of uncertainty.”
We’re honored to partner with you, Andrew, and we congratulate you on your success.