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10150 Meanley Dr, San Diego, CA 92131

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10150 Meanley Dr, San Diego, CA 92131
Submarket: Scripps Ranch – San Diego, CA
Available Space: 6,333 – 60,725 sq ft across multiple suites
Lease Rate: $23.88/SF/Yr (approx. $1.99/SF/Mo Gross + Electric)
Building Size: 60,725 sq ft
Year Built: 2001
Building Class: B
Stories: 2
Parking: 244 surface spaces (4/1,000 SF ratio)

Corporate-Grade Flex Space with Life Science Conversion Potential
This Class B office/flex building offers full build-outs ideal for corporate headquarters, life science, R&D, electronics manufacturing, and training operations. Infrastructure includes upgraded electrical, backup generator, and exterior equipment yard for lab gas, vacuum, and compressed air.

Available Suites

  • Suite 200 – 23,967 sq ft
    • 23 private offices
    • 3 conference rooms
    • 3 large open-office areas
    • Training room, break room, and storage
    • Available now
  • Suite 250 – 6,333 sq ft
    • Reception area
    • 8 private offices
    • Open break room and large bullpen
    • Furniture available
    • Available now
  • 1st Floor Space – 30,425 sq ft
    • Full build-out
    • Available March 1, 2026

Infrastructure and Amenities

  • Power Supply: 350 kW backup generator
  • HVAC: Zoned systems
  • Networking: Fiber-optic capable
  • Environmental Controls: Lab-ready utilities
  • Equipment Yard: Exterior space for lab gas and compressed air
  • EV Charging Stations
  • Fitness Center
  • Shower Facilities
  • Prominent Building Signage

Strategic Location Advantages

  • Access: Excellent freeway connectivity to I-15
  • Nearby Amenities: Dining options like Panera Bread, Pick Up Stix, Himalayan Grill
  • Hotels: Courtyard San Diego Miramar, Comfort Inn San Diego Miramar (approx. 1.3 miles)
  • Education: San Diego Miramar College nearby

This property is ideal for tenants seeking flexible, infrastructure-rich space with the ability to convert to life science or R&D use in a well-connected San Diego submarket.

 

Weathering the Storm: What San Diego’s Biotech Funding Challenges Mean for Lab Space Demand

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A Panel on Biotech’s Tough Year

On August 13, the San Diego Entrepreneurs Exchange (SDEE) gathered more than 80 founders, investors, and life science professionals at BDO’s Carmel Valley offices for a timely discussion: how biotech startups can survive — and thrive — during 2025’s funding slowdown.

The event, co-hosted with BDO and Morrison Foerster, brought together voices from across the ecosystem, including Aiden Aceves (Insight Partners), Taryn Goode (Connect), Jim Krenn (Morrison Foerster), and Fred Grier (JLL). Their panel, “Weathering the Storm,” tackled everything from navigating venture capital to cost-cutting strategies and scaling in uncertain times.

Funding in 2025: Fewer Deals, Stricter Terms

The panelists agreed: raising money has become harder, slower, and less forgiving.

  • In the first quarter of 2025, local biotech companies raised about $1 billion. By Q2, that dropped to just $500 million (PitchBook data).

  • Only two San Diego-based firms have gone public this year: Aardvark Therapeutics and Carlsmed.

  • Investors are increasingly conservative, forcing startups to accept stricter deal terms and lower valuations.

“It’s hard out there right now,” said Aceves. “I have portfolio companies who are going through it — just like everyone else. It’s a more difficult time to run a company today than in the past, but no one starts a company because they think it’s going to be easy.”

Bright Spots and Notable Wins

Despite the slowdown, San Diego continues to produce success stories:

  • Carlsmed went public in summer 2025, raising $100 million.

  • Major venture rounds included RayThera ($110M), Biolinq ($100M), and Actio Biosciences ($66M).

  • M&A, while less frequent, included Scale Bioscience’s acquisition by 10X Genomics and Illumina’s $350M purchase of SomaLogic.

Krenn of Morrison Foerster noted that while startups may hold less negotiating power, the ecosystem still produces strong exits and meaningful innovation.

“Success looks different for every company,” added Goode. “For some, it’s getting acquired. For others, it’s about whether the medicine reaches patients or the technology changes lives.”

Implications for Lab Space in San Diego

The funding crunch doesn’t just affect balance sheets — it has ripple effects across the lab space market:

For Tenants

  • Cautious Expansion: Many early-stage companies are delaying lab moves or taking smaller footprints to conserve capital.

  • Opportunity to Upgrade: With vacancies up, startups may find premium lab space more affordable than in past years.

  • Shared Labs on the Rise: Co-lab and modular facilities are gaining traction as founders avoid long-term commitments.

For Landlords & Developers

  • Slower Lease-Ups: New projects may face longer timelines as startups scale cautiously.

  • Incentives Matter: Tenant improvement allowances, shorter lease terms, and turnkey options are becoming more important.

  • Focus on Flexibility: Landlords that adapt space for plug-and-play or shared use will appeal to cash-conscious companies.

Why Optimism Remains

Even with venture capital cooling, San Diego’s biotech community retains its reputation for collaboration and resilience. The panelists highlighted:

  • Big pharma’s dependence on startups for innovation ensures a continued role for local companies.

  • Talent density and institutional strength (UCSD, Scripps, Salk) keep San Diego highly competitive.

  • Patient-centered innovation remains at the heart of success stories, regardless of exit path.

Key Takeaway

San Diego biotech may be weathering a storm in 2025, but storms also reshape the landscape — creating new opportunities for agile startups and forward-looking landlords. For tenants, it’s a chance to secure better lab space deals. For landlords, it’s a reminder to stay flexible and adapt to a shifting demand environment.

At SanDiegoLabSpaces.com, we’ll continue tracking how funding, hiring, and deal-making shape the future of San Diego’s lab space market.

What San Diego’s Biotech Slowdown Means for Lab Space Demand & Opportunities

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San Diego’s Biotech Boom Meets a Pause

San Diego has long stood as one of the nation’s premier biotech hubs, trailing only Boston and the Bay Area in its concentration of startups, research institutes, and specialized lab space. But in recent months, the industry has faced turbulence. A wave of biotech layoffs, reduced venture funding, and cautious investors are reshaping the region’s once-hot market.

For the first time in years, San Diego’s lab space market — once defined by scarcity and premium pricing — is seeing a measurable rise in vacancies. This shift is creating new challenges for property owners while opening fresh opportunities for tenants looking to secure space.

Layoffs, Funding Pressure, and Rising Vacancies

Throughout 2024 and 2025, many biotech companies that expanded aggressively are now downsizing. Venture capital has tightened, IPO windows have narrowed, and risk appetite has cooled. These factors have led to workforce reductions across the sector.

At the same time, the ripple effect is hitting real estate. Labs that were previously in high demand are now sitting empty. Developers that raced to build new life science campuses must adapt to a slower leasing environment, while existing landlords face increased pressure to offer concessions.

What This Means for Lab Space

For Tenants

  • More Negotiating Power: Companies now have leverage to negotiate lower rents, shorter lease terms, or enhanced tenant improvements.

  • Wider Choice: With vacancies rising, startups can access prime locations that were previously out of reach.

  • Flexible Space Models: Interest in shared labs, plug-and-play suites, and modular layouts is growing as tenants seek to reduce risk.

For Landlords & Developers

  • Rising Vacancy Pressure: Holding empty space longer than expected puts pressure on operating budgets and debt.

  • Need for Differentiation: Buildings with strong amenities, adaptable layouts, and competitive pricing will capture more demand.

  • Potential for Repositioning: Underutilized space could be converted into shared labs, contract research facilities, or biomanufacturing suites.

Sub-Market Dynamics in San Diego

Not all areas are equally affected. Core sub-markets such as Torrey Pines, Sorrento Mesa, and UTC continue to benefit from proximity to UCSD, Scripps, and established biotech clusters. However, more peripheral markets are seeing sharper rises in vacancy.

This means location and ecosystem connectivity still matter — companies remain willing to pay premiums for access to talent and research networks, while secondary areas may need to compete more heavily on price.

Opportunities in the Slowdown

While the headlines focus on layoffs, the current slowdown also creates unique opportunities:

  • Startups & Growing Biotechs: This is one of the best times in recent years to lock in favorable lease terms and secure high-quality lab space.

  • Investors: With valuations softening, there’s a chance to acquire well-located lab assets at more attractive entry points.

  • Landlords: Creative leasing — such as short-term agreements, shared infrastructure, or turnkey spaces — can attract tenants who might otherwise hesitate to commit.

What to Watch Going Forward

Despite short-term headwinds, the fundamentals that made San Diego a biotech powerhouse remain intact: world-class universities, a deep talent pool, and a strong culture of innovation. Signs of recovery could come from renewed venture capital flows, biotech stock rebounds, and new research breakthroughs that reignite industry growth.

For now, the lab space market is in transition — shifting from a landlord-driven environment to one where tenants hold more influence. Stakeholders who adapt quickly, stay flexible, and plan strategically will be best positioned for the next cycle of growth.

U.S. Life Sciences Property Report May 2024

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Demand for U.S. Life Sciences Real Estate Strengthens in Q4

Economic Growth, Job Expansion, and Drug Development Drive Sector Optimism for 2025

The U.S. life sciences real estate market experienced positive net absorption in the fourth quarter of 2024, indicating a steady rebound despite a rise in vacancy rates due to new construction completions. According to CBRE’s latest quarterly report, the vacancy rate reached 19.7% as significant new lab spaces entered the market.

Leasing activity for lab spaces showed a strong uptick, totaling 3.4 million sq. ft. in Q4—an increase of 28% year-over-year. Net absorption reached 920,000 sq. ft., marking the third gain in the past five quarters. This steady demand is fueled by record-high employment in life sciences, multiple drug approvals, and a substantial 19% increase in venture capital funding, which totaled $30.4 billion in 2024.

Despite the heightened vacancy rate caused by pandemic-era construction projects, the pipeline of new developments is beginning to slow. At the end of Q4, 12.1 million sq. ft. of lab space was under construction—significantly down from peak levels in 2024, suggesting a more balanced supply-demand dynamic ahead.

San Diego and Key Market Trends

San Diego emerged as one of the top-performing life sciences markets in Q4, alongside the San Francisco Bay Area, with strong leasing activity and positive net absorption. Overall, 10 of the 13 largest U.S. life sciences markets posted gains, reflecting broad industry resilience.

2025 Market Outlook

Looking ahead, CBRE’s 2025 U.S. Life Sciences Outlook highlights key factors that will influence market performance this year. The report points to an improving economy, robust sector employment, and a more favorable investment climate as positive drivers for life sciences real estate.

However, challenges remain. Approximately 8 million sq. ft. of new lab space is projected for completion in 2025, which will likely contribute to increased vacancy rates, particularly in leading hubs like Boston, San Francisco, and San Diego. Despite these concerns, economic conditions and investment trends indicate a more stable environment for life sciences companies and real estate stakeholders.

“The life sciences sector operates on longer cycles than the real estate market due to the complexities of drug development and commercialization,” said Matt Gardner, CBRE’s Americas Life Sciences Leader. “That said, macroeconomic trends are pointing to improved conditions for life sciences real estate in 2025.”

As San Diego continues to be a key player in the life sciences industry, its strong fundamentals and sustained demand position it well for long-term growth. Market participants should closely monitor economic and investment trends to capitalize on opportunities in the evolving real estate landscape

3010 Science Park Rd, San Diego

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Located in San Diego’s renowned Torrey Pines Science Park, 3010 Science Park Road is a state-of-the-art two-story facility designed to support cutting-edge scientific research and development. The building is currently leased by Singular Genomics Systems, Inc., a company specializing in innovative genomic technologies.

Key Features:

  • Comprehensive Renovation: The facility underwent a complete transformation, including the demolition of the existing building envelope, installation of a new curtain wall, and the addition of a striking connecting stairway. These enhancements have modernized the structure, creating a dynamic environment that embodies the future of genomic research.

  • Advanced Laboratory and Office Spaces: The interior features fully modernized office and laboratory spaces, designed to foster innovation and collaboration in genomic research. The facility also includes underground parking for added convenience.

  • Tenant Excellence: Singular Genomics Systems, Inc. is dedicated to advancing science and medicine through continuous and thoughtful genomic innovation. Their mission is to empower scientists to answer their most pressing questions, allowing them to forge a path of discovery without limits.

  • Strategic Location: Situated in the heart of San Diego’s Torrey Pines Science Park, the property offers proximity to a thriving life sciences community, fostering collaboration and innovation.

Experience a facility that combines modern design, advanced laboratory infrastructure, and a prime location at 3010 Science Park Road, supporting the forefront of genomic research and development.

10355 Science Center Dr, San Diego

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Situated in San Diego’s prominent Torrey Pines submarket, 10355 Science Center Drive is a premier life sciences facility offering state-of-the-art laboratory and office spaces tailored for biotechnology and pharmaceutical research. The property is part of the Torrey Pines Science Center, a four-building campus that includes 3595 John Hopkins Court, 10410, 10450, and 10355 Science Center Drive.

Key Features:

  • Modern Laboratory Spaces: The facility offers advanced laboratory spaces designed to meet the needs of life sciences research, providing a conducive environment for scientific innovation.

  • Strategic Location: Located in the heart of the renowned Torrey Pines Market, the property is easily accessible from I-5, offering convenience for commuting and proximity to other leading research institutions.

  • Tenant Excellence: The building hosts esteemed organizations such as Amprion Inc., a pioneer in detecting misfolded proteins for neurodegenerative diseases, located in Suite 240.

Experience a facility that combines modern design, strategic location, and a thriving life sciences community at 10355 Science Center Drive, supporting the forefront of scientific research and development.

3115 Merryfield Row, San Diego

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Located in San Diego’s esteemed Torrey Pines submarket, 3115 Merryfield Row is a premier life sciences facility designed to meet the needs of cutting-edge research and development. Constructed in 2018, this state-of-the-art building offers advanced laboratory spaces and modern amenities to support innovative scientific endeavors.

Key Features:

  • Modern Laboratory Infrastructure: The facility is equipped with advanced laboratory spaces tailored for life sciences research, ensuring a conducive environment for scientific innovation.

  • Sustainable Design: The building is LEED Gold Certified, featuring energy-efficient systems and sustainable materials that underscore a commitment to environmental responsibility.

  • Tenant Excellence: The property is fully leased to Vertex Pharmaceuticals, a global biotech company specializing in small molecule therapeutics and cystic fibrosis research. This partnership highlights the building’s suitability for leading-edge scientific work.

  • Strategic Location: Situated in the Torrey Pines submarket, the property benefits from proximity to renowned research institutions and a thriving life sciences community, fostering collaboration and innovation.

Experience a facility that combines modern design, sustainable features, and a prime location to support the forefront of life sciences research at 3115 Merryfield Row.

3545-3575 John Hopkins Ct , San Diego

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Located at 3545-3575 John Hopkins Court in San Diego’s prestigious Torrey Pines submarket, the University Science Center – East is a premier two-building complex designed to support life sciences enterprises. The facility offers versatile spaces tailored for biology and chemistry research, office functions, and vivarium needs.

Key Features:

  • Comprehensive Amenities: Tenants benefit from an on-site fitness center, equipped with men’s and women’s showers and lockers, an executive conference facility, and secure bike storage.

  • Strategic Location: Situated in close proximity to esteemed institutions such as UC San Diego, The Scripps Research Institute, Salk Institute for Biological Studies, and Sanford Burnham Institute, the center fosters collaboration and innovation. Additionally, the property offers convenient access to a variety of restaurants, hotels, coastal residential areas, and major freeways. It’s also within walking distance to the UCSD campus, library, and Price Center.

  • Available Spaces: The center currently has multiple R&D office spaces available for lease, ranging from 17,083 to 21,470 square feet. These spaces are adaptable to meet diverse research and development requirements.

3535 General Atomics Ct , San Diego

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Located in the prestigious Torrey Pines life science cluster of San Diego, 3535 General Atomics Ct offers a premier opportunity for life science companies seeking state-of-the-art laboratory and office space. This world-class facility is designed to meet the specific needs of innovative organizations in the biotechnology and pharmaceutical sectors.

Property Features:

  • Modern Laboratory Facilities: The space is equipped with advanced laboratory infrastructure, including fume hoods, lab benches, and specialized ventilation systems, ensuring a ready-to-use environment for scientific research.
  • Flexible Layout: Offers a combination of open lab areas, private offices, and collaborative spaces to accommodate various operational needs.
  • High Ceilings: Provides ample vertical space, essential for accommodating specialized equipment and fostering a spacious working environment.
  • Loading Dock Access: Facilitates easy delivery and shipment of materials and equipment, streamlining logistical operations.

Amenities:

  • On-Site Parking: Ample parking spaces are available for employees and visitors, ensuring convenience and accessibility.
  • Campus Environment: Situated within a vibrant life science campus, tenants benefit from a collaborative community and shared resources.
  • Proximity to Research Institutions: The location offers close access to renowned research institutions and universities, fostering potential partnerships and talent acquisition.

Location Highlights:

3535 General Atomics Ct is strategically positioned in San Diego’s Torrey Pines area, renowned for its concentration of life science companies and research facilities. The property provides easy access to major highways, including I-5 and I-805, facilitating convenient transportation to and from the facility. Additionally, the area boasts a variety of dining, retail, and recreational options, enhancing the work-life balance for employees.

3550 General Atomics Ct , San Diego

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Located in the heart of San Diego’s Sorrento Valley, 3550 General Atomics Ct offers 803 – 31,174 SF of Flex Space, a prime opportunity for businesses seeking versatile office or laboratory space for . This property is situated within a thriving business community, making it ideal for companies in technology, biotechnology, or research sectors.

Property Features:

  • Building Size: Approximately 234,724 square feet
  • Lot Size: 58.98 Acres
  • Year Built: 1985
  • Parking: Ample on-site parking available
  • Zoning: Industrial-Office

Amenities:

  • Interior Layout: The available space offers a mix of private offices, open work areas, conference rooms, and collaborative spaces, designed to accommodate a variety of business needs.
  • Infrastructure: Equipped with modern HVAC systems, high-speed internet connectivity, and energy-efficient lighting.
  • On-Site Facilities: Access to a shared cafeteria, fitness center, and outdoor recreational areas.

Location Highlights:

3550 General Atomics Ct is strategically located with easy access to major freeways, including I-805 and I-5, facilitating convenient transportation and commuting. The property is in close proximity to a variety of retail services, dining options, and residential neighborhoods, enhancing convenience for employees and visitors alike.

16550 W Bernardo Dr, San Diego

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Located in the Rancho Bernardo area of San Diego, 16550 W Bernardo Dr offers a substantial flex space suitable for various business operations. The property is part of a well-established business community, providing a conducive environment for corporate headquarters, research and development, or light manufacturing activities.

Available Space:

  • Size: 80,000 to 159,781 square feet
  • Availability Date: October 1, 2024
  • Lease Term: Through March 2027
  • Lease Rate: Upon request

Property Features:

  • Building Size: 198,437 square feet
  • Year Built: 1968
  • Ceiling Height: 20 feet clear
  • Loading Facilities: 5 dock-high doors and 1 grade-level door
  • Parking: 800 spaces
  • Zoning: IP-2-1

Amenities:

  • On-Site Facilities: Full-service fitness center, outdoor common areas, putting green, bocce ball court, basketball court, and sports field
  • Interior Layout: Predominantly open floor plan with cubicle spaces, multiple conference rooms, collaboration areas, cafeteria, and private offices
  • Infrastructure: Approximately 3,200 square feet of electronics lab/R&D space

Location Highlights:

The property boasts immediate access to major freeways, including I-15, facilitating convenient transportation and commuting. It is also in close proximity to a variety of retail services and residential neighborhoods, enhancing convenience for employees and visitors alike.

15070 Avenue of Science, San Diego

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Located at 15070 Avenue of Science in San Diego’s Rancho Bernardo/Carmel Mountain Ranch area, this high-quality office/flex property offers a total of 107,318 square feet of space. The building is situated in one of San Diego’s premier business environments, placing your business adjacent to industries such as defense, technology, biomedical, tourism, and golf.

Available Space:

  • Suite 200: A 17,466 square-foot R&D office space is currently available for lease. The space features an 18-foot clear height, two drive-in bays, and 36 standard parking spaces. The lease rate is $18.00 per square foot per year, with a negotiable term and availability within 60 days.

Property Features:

  • Clear Height: 18’
  • Drive in bays: 2
  • Year Built: 1985
  • Construction: Masonry
  • Lot Size: 2.84 acres
  • Zoning: IL-2-1
  • Parking: 395 spaces, with a parking ratio of 3.7 per 1,000 square feet
  • Fiber Providers: Cox and AT&T

Location Highlights:

The property boasts an incredible Carmel Mountain Ranch location with high visibility. It offers immediate access to I-15 via Carmel Mountain Road and Camino del Norte and is within walking distance to over 1,000,000 square feet of retail amenities. Notable neighboring companies include Sony, Hewlett Packard, Northrop Grumman, and General Atomics.

Norton Life Science Building: 324 Broadway

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The Norton Life Science Building, situated in the heart of downtown San Diego, is a premier facility tailored to meet the evolving needs of the life science sector. This state-of-the-art building offers expansive floor plates, advanced infrastructure, and a suite of amenities designed to support cutting-edge research and innovation.

Key Features:

  • Spacious Floor Plates: Each floor provides approximately 40,000 square feet, some with private patios, allowing for flexible lab and office configurations.
  • High Ceilings: With floor-to-ceiling heights reaching up to 18 feet, the building ensures ample vertical space for specialized equipment and installations.
  • Advanced Infrastructure: Equipped with modern mechanical, electrical, and plumbing systems specifically designed for laboratory operations, ensuring optimal performance and safety.
  • Efficient Logistics: A 44,000 square-foot subterranean delivery tunnel, standing 31 feet high, facilitates seamless and discreet transportation of supplies and equipment throughout the facility.
  • Sustainable Design: The building boasts a direct connection to the Clearway Energy Center San Diego, providing efficient chilled water cooling. Additionally, the design emphasizes sustainability, targeting LEED Platinum certification and aiming for net-zero carbon emissions.

Amenities:

  • Ample Parking: The facility includes access to downtown’s largest parking garage, offering 2,200 spaces for tenants and visitors.
  • Prime Location: Located just minutes from San Diego International Airport and adjacent to the trolley line with a direct connection to the University of California San Diego and UTC, the building offers unparalleled accessibility.
  • Vibrant Community: Being in downtown San Diego, tenants are within walking distance of the historic Gaslamp Quarter, Little Italy, and the waterfront, providing a dynamic environment for professionals.

Why Choose Norton Life Science Building?

San Diego is rapidly emerging as a hub for life science innovation, with record levels of venture capital fueling growth in the sector. The Norton Life Science Building is strategically positioned to support this expansion, offering top-tier facilities that cater to the unique demands of life science companies. Its combination of modern design, advanced infrastructure, and prime location makes it an ideal choice for organizations aiming to thrive in a competitive landscape.

For leasing inquiries or to schedule a tour, please contact our leasing team.

San Diego’s Life Sciences Boom: A Look Ahead to 2025

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San Diego is on the brink of another life sciences and biotech boom, with new lab space developments and a surge in venture capital investment fueling the region’s industry growth. As construction cranes continue to dot the skyline along Mira Mesa Boulevard and Sorrento Valley, the city’s biotech sector is gearing up for an exciting expansion.

A Post-Pandemic Surge in Lab Space Development

Over the past few years, San Diego has experienced a post-pandemic construction frenzy in the life sciences sector. According to Daniel Maldonado, Managing Director at Unispace Life Sciences, much of the development that began in recent years is now reaching completion, bringing much-needed lab and research space to market.

By the end of 2025, more than 3.2 million square feet of new life sciences buildings and research campuses will be available across San Diego County. JLL, a commercial real estate firm specializing in biotech properties, notes that these new developments will help accommodate both established companies looking to expand and emerging startups needing cutting-edge facilities.

According to JLL’s Chad Urie, San Diego is better positioned for biotech growth than many competing cities nationwide, thanks to its strong infrastructure, talent pool, and continuous investment in life sciences.

San Diego: A Life Science Powerhouse

San Diego is already one of the top life sciences hubs in the country. Data from Biocom California highlights that the region is home to nearly 2,000 life science-related companies, employing 76,000 people and generating $56 billion in economic output.

With the addition of new lab and office space, companies will have room to scale, hire, and develop new groundbreaking research. As firms grow, they require expanded resources—such as HR departments, sales teams, and operational infrastructure—all of which San Diego is well-equipped to support.

Venture Capital Investment is Fueling Growth

Another key driver of this biotech boom is the influx of venture capital (VC) funding. In 2024 alone, over $3.6 billion has already been invested in San Diego’s life sciences sector, marking one of the highest investment levels in the past decade. The only years with higher funding were 2020 and 2021, when the pandemic spurred unprecedented interest in biotech innovation.

“The money that was on the sidelines is definitely coming back to both the biotech and real estate industries,” says Maldonado, signaling continued confidence in San Diego’s life sciences ecosystem.

A Strong Talent Pipeline to Support Expansion

San Diego’s ability to attract and retain top STEM talent is another critical factor driving industry growth. UC San Diego (UCSD) plays a significant role in this, producing more STEM graduates annually than both Stanford and UC Berkeley combined. This ensures that biotech and life sciences companies have access to a steady pipeline of highly skilled professionals.

“UCSD is an economic engine that’s hard to replace,” says Urie, adding that as we move into 2025, we’ll see even more momentum in hiring, expansion, and innovation.

Looking Ahead: What’s Next for San Diego’s Life Sciences Sector?

With a wave of new lab space, VC funding, and a robust talent pool, San Diego’s life sciences sector is set for another period of major growth in 2025. While challenges remain—such as increasing pre-leasing rates before new buildings open—trends indicate that the city is well-positioned for success.

As San Diego solidifies its reputation as a global biotech powerhouse, companies looking for high-quality lab space and business-friendly opportunities will find no better place to call home.

Stay tuned for more updates on San Diego Lab Spaces as we track the latest developments in this exciting biotech expansion!

13520 Evening Creek Dr N

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Presenting 13520 Evening Creek Drive North, a premier Class A office space within the esteemed Kilroy Sabre Springs campus in San Diego’s 92128 ZIP code. Constructed in 2002, this six-story building offers a total of 146,701 square feet of premium office space, with current availabilities ranging from 2,555 to 14,744 square feet.

Location Advantages:

Strategically situated adjacent to the regional transportation hub at the intersection of Interstate 15 and Highway 56, this location ensures excellent connectivity. Proximity to the SR-56 bike path and the MTS Station enhances accessibility for commuters.

Experience the synergy of modern workspace design, comprehensive amenities, and strategic location at 13520 Evening Creek Drive North—an ideal setting for businesses aiming to thrive in San Diego’s dynamic market.

Santa Fe Summit Torrey Santa Fe Rd @ Highway 56 Rd

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Introducing Santa Fe Summit Torrey Santa Fe Rd @ Highway 56 Rd, a forthcoming Class A office and life science campus strategically located near Ted Williams Parkway (Highway 56) in San Diego’s Torrey Highlands area. This state-of-the-art development encompasses over 600,000 square feet across four buildings, offering scalable solutions for businesses seeking flexibility and growth opportunities.

Key Features:

  • Total Space Available: 15,000 to 647,000 square feet
  • Building Sizes: Ranging from 132,000 to 179,000 square feet
  • Building Height: Five stories
  • Typical Floor Size: Approximately 35,800 square feet
  • Available From: July 1, 2026

Santa Fe Summit Torrey Santa Fe Rd @ Highway 56 Rd presents an exceptional opportunity for businesses in the life science and office sectors to establish a presence in one of San Diego’s most sought-after locations.

2222 Verus St

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Norsouth Business Park present 2222 Verus St, a premier 11,729 SF flex/lab manufacturing available for lease at Norsouth Business Park in Chula Vista, San Diego. Situated on 0.65 acres, this property offers a prime location in one of San Diego County’s fastest-growing and most prestigious residential communities.

Key Features:

  • Premium flex/industrial space in a highly desirable location
  • Easy access to Highway 125 and major retail centers
  • Located near Norsouth Business Park
  • Close proximity to restaurants, office spaces, retail, medical, and industrial properties
  • Reinforced concrete construction with modern upgrades
  • Part of a vibrant community featuring the Chula Vista Elite Athlete Training Center and a championship golf course

Property Facts:

  • Building Size: 11,729 SF
  • Lot Size: 0.65 AC
  • Year Built: 1985
  • Zoning: BC2

This move-in-ready property offers great visibility and signage on a busy corner, making it an excellent choice for businesses looking to establish a strong presence in Chula Vista. Don’t miss this opportunity to lease a high-quality industrial space in a prime location!

2411 Fenton St

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Voit Real Estate Services is pleased to present 2411 Fenton Street, a premier 7,343 SF flex/industrial condominium available for lease at The Collection at Eastlake in Chula Vista, San Diego. Situated on 0.77 acres, this property offers a prime location in one of San Diego County’s fastest-growing and most prestigious residential communities.

Key Features:

  • Premium flex/industrial space in a highly desirable location
  • Easy access to Highway 125 and major retail centers
  • Located near Eastlake Village Marketplace, anchored by Kohl’s, Target, Office Depot, and Lowe’s
  • Close proximity to restaurants, office spaces, retail, medical, and industrial properties
  • Reinforced concrete construction with modern upgrades
  • Part of a vibrant community featuring the Chula Vista Elite Athlete Training Center and a championship golf course

Property Facts:

  • Building Size: 7,343 SF
  • Lot Size: 0.77 AC
  • Year Built: 2005
  • Zoning: BC2

This move-in-ready property offers great visibility and signage on a busy corner, making it an excellent choice for businesses looking to establish a strong presence in Chula Vista. Don’t miss this opportunity to lease a high-quality industrial space in a prime location!

5924 Balfour Ct

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A free-standing, multi-tenant Industrial/R&D building consisting of 21,481 RSF located within the coastal City of Carlsbad (San Diego). Situated on 1.55 acres, the site is centrally located within the prestigious 560-acre master planned Carlsbad Research Center.

5931 Priestly Dr

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Introducing 5931 Priestly Drive, the latest addition to the thriving Carlsbad Research Center, renowned for its vibrant life science community in North San Diego. This exceptional freestanding industrial and research facility spans an impressive 52,777 square feet, strategically positioned in the epicenter of where leading life science and medical device companies thrive in North San Diego County.

With a clear mission to cater to the demands of today’s groundbreaking sciences, technology, and advanced manufacturing, the landlord has meticulously paid attention to all details required for a purpose-built R&D building. Significant capital improvements were completed in 2024, including exterior paint, enhanced with elegant metal cladding features and trellis awnings at all three main entrances, showcasing a modern and professional aesthetic.

An array of features awaits an incoming tenant, leading with prominent new building and monument signage, making a standout impression as you drive up to the building. The property also provides EV charging stations for sustainable transportation options. Two outdoor patio areas offer spaces for relaxation and networking, while the installation of new electrical service provides a remarkable 4,000 amps of heavy power, ensuring more than adequate power to support most any business need. Moreover, the property offers a designated location for a backup generator, safeguarding the continuity of business functions during a major power outage.

Numerous interior updates enhance the overall experience within the building. Notable improvements include newly renovated common area restrooms, a refreshed lobby area with a convenient refreshment center, and energy-efficient LED lighting throughout. Updated elevators ensure smooth vertical transportation for occupants, while the white box office and laboratory area present an opportunity for tenants to have a custom-designed space tailored to their specific business functions.

Adding to the versatility, the property features an existing high-bay warehouse that can be expanded to accommodate advanced manufacturing, cGMP processes, or serve as traditional high pile storage. Currently fitted with three grade level roll-up doors, the warehouse also offers the potential to add dock high loading, providing maximum flexibility and efficiency to support business operations.

To explore this remarkable property further or to arrange a tour, please contact Chris, Steven, Greg or Tim at JLL.

2271 Cosmos Ct

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– 88,533 SF freestanding building ideal for MFG-R&D/Lab-Warehouse uses
– High-image industrial facility, featuring a large amenitized entrance, excellent glass line and two-story lobby
– Located amongst a strong set of corporate neighbors in the Carlsbad market
– Unsurpassed access from Palomar Airport Road via a signalized intersection onto Yarrow Road
– 4-minute drive to McClellan Palomar Airport, a 10-minute drive to Interstate 5, and an 11-minute drive to the Coast Highway and beaches
– Close proximity to retail amenities: Palomar Commons (Lowe’s, Chipotle, Five Guys, Panera, California Bank and Trust, and more), Bressi Ranch (Trader Joe’s, Verizon, Board & Brew, Rubios, Peets Coffee, BevMo, CVS, Sprouts Market, Mission Federal Credit Union, Mendocino Farms, and many others)

U.S. Life Sciences Property Report May 2024

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The U.S. life sciences market continues to expand, with notable activity in Boston, the Bay Area, and San Diego. Over the past three quarters, these markets have shown an impressive 17% average growth in lab space demand, signaling a strong resurgence in the industry. For life sciences companies, developers, and investors, this upward trend presents both opportunities and challenges as they navigate a competitive landscape.

According to the U.S. Life Sciences Property Report, five major trends are shaping the lab space market, underscoring new opportunities for growth. Quality of assets and neighborhoods is a major draw for tenants, and the success of leasing efforts is increasingly tied to these factors. Additionally, while some markets are still working toward full normalization, key indicators suggest declining vacancy rates and positive macroeconomic fundamentals across the board.

One thing is clear: now is a prime time for life sciences companies to secure high-quality lab space before demand intensifies. For those navigating the San Diego market, the agents at SanDiegoLabSpaces.com offer invaluable expertise. Their team works closely with clients to assess their unique needs and connect them with the perfect lab spaces tailored to their scientific and business goals. By leveraging market insights and local property knowledge, SanDiegoLabSpaces.com helps clients find properties that offer not only the right facilities but also the ideal neighborhood environment for their practice.

With the market’s competitive trajectory, SanDiegoLabSpaces.com stands ready to support life sciences professionals in making strategic, informed decisions about their lab spaces—securing the foundations for their future success in this thriving industry.

The San Diego Life Science Market – July 2024

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San Diego, one of the top three life science hubs in the U.S., recently hosted the BIO International Convention, where over 18,000 industry professionals gathered to explore the future of biotechnology. This event highlighted San Diego’s significance within the life sciences sector and drew attention to the challenges and opportunities companies face, from funding difficulties to the need for collaborative ecosystems.

At the convention, companies from all development stages — startups, R&D, preclinical, and clinical research — highlighted the growing challenges of securing investment. As Chris Durbin, a life science specialist, noted, “Venture capital and other investors are much more selective than during the frothy era of 2021–2022.” Companies now face longer and more demanding paths to secure funding, pushing them to explore more resourceful ways to achieve their goals.

One of San Diego’s unique draws for life sciences companies is its collaborative ecosystem, making it an attractive location for startups seeking synergy with other innovators. Durbin shared that San Diego’s culture of cooperation continues to attract top talent and encourage company growth. Beyond just property transactions, he stressed the importance of connecting life sciences businesses with local resources and networking opportunities.

However, San Diego’s life sciences market has faced its share of challenges. In Q1, vacancy rates for lab and office spaces reached 14.3%, an all-time high. This spike is partly a result of new developments initiated during the pandemic, with millions of square feet still in the construction pipeline. Despite these challenges, major players like Pfizer and Alexandria have made long-term commitments in the region, signing substantial leases for future R&D projects. Meanwhile, venture capital investments remain robust, with San Diego securing $1.57 billion across 55 deals in Q1 2024. NIH and NSF research funding, totaling $2.2 billion, further reinforces the market’s future.

For companies navigating this dynamic landscape, the agents at SanDiegoLabSpaces.com provide an invaluable advantage. Their team works closely with clients to assess their specific needs and find lab spaces that align with their scientific and business goals. With extensive market knowledge and a strong network, SanDiegoLabSpaces.com helps clients connect with ideal properties in San Diego’s life sciences cluster, positioning them to succeed in one of the most collaborative and innovative environments in the country.

As the demand for life sciences space rises, SanDiegoLabSpaces.com stands ready to support companies in making strategic real estate decisions that will drive growth and innovation in San Diego’s thriving life sciences market.