CREATE THE FUTURE

Courtesy of CoStar

San Diego Football Club, Major League Soccer’s newest franchise, recently leased 15,000 square feet of office space for a corporate headquarters at the 2100 Kettner building in Little Italy and is slated to move in November. San Diego Football Club CEO Tom Penn said the team chose to establish a corporate, business-operations headquarters in Little Italy because of its central location, community, building amenities and the neighborhood.

RECENT NEWS AND ACTIVITIES

• San Diego Sees Record $14.3B in Tourism Spending — 3 Years After Pandemic
• San Diego Has Become a Hot Spot for Shooting Reality TV and Commercials. Are Movies Next?
• San Diego Renters Are Becoming Urbanites: San Diego’s Urban and Downtown Properties Have Seen the Highest Demand Since 2020
• Micro Apartment Project Planned for Little Italy
• Co-Located Jimmy John’s & Dunkin Opens in City Center District
• Adaptive Reuse Project Leasing First Downtown Life Science Tenants
• Downtown’s Shield AI Raises Series F at $2.7 Billion Valuation
• Downtown San Diego Ranks in Top 10 U.S. Zip Codes for Apartment Construction
• DSDP to Co-run a Shelter is the Latest Example of Leaders Expanding Definition of Economic Development
• San Diego’s Nonprofit Arts Scene Generates $1.2 Billion in Economic Activity

MARKET UPDATE

A new study of 26 of America’s largest downtowns by Philadelphia’s Center City District and highlighted by Richard Florida tracks Downtown recovery using detailed data from Placer.ai, breaking out three key groups: workers who commute to work, downtown residents, and visitors. It finds that despite obstacles faced by major downtowns nationwide, residential growth and the return of visitors have helped many major cities nearly bounce back to pre-pandemic foot traffic, including Downtown San Diego.

Key Findings – Measuring Downtown San Diego’s Recovery:

• Downtown San Diego is in the top three overall foot-traffic recovery when combining visitors, residents, and workers.
• Downtown San Diego residential recovery rate is 111% with more residents living in the core of Downtown than in 2019.
• Visitors have been the driving force behind Downtown’s rebound, as Downtown San Diego is 1 of only 3 cities (per the report) that have achieved 90% visitor recovery.
• San Diego was in the top four Downtowns in non-resident worker recovery, directly behind Midtown Manhattan.
• Downtown San Diego had the largest share of leisure and hospitality sector employment to go along with being in the top three cities for the highest share of jobs that cannot be performed easy remotely.
• Downtown San Diego is the only Downtown that has recovered 100% of local visitor foot-traffic living within the region.

Courtesy of BlockD

BLOCK D/MARKERS QUARTER

Block D/Makers Quarter is a newly constructed six-floor, 60,000-square-foot, mixed-use space located at 845 15th Street. Built in 2018, this property borders neighborhood hot spots like Punchbowl Social and Lola55, as well as world-class residential projects like Broadstone Makers Quarter and Framework.

With retail and restaurant suites on the ground floor, the building has been designed for street level activation and to encourage interaction from the surrounding community.

Courtesy of Warrior Games

PRINCE HARRY AND MEGHAN, THE DUCHESS OF SUSSEX, SUPPORT LOCAL WARRIOR FITNESS CENTER OPENING DOWNTOWN

Price Harry and Meghan, the Duchess of Sussex, joined the Navy SEAL Foundation for the opening of a revolutionary training facility for veterans in Downtown San Diego. The Warrior Fitness Program West Coast Facility located in Downtown San Diego’s DiamondView Tower features state-of-the-art fitness and workout resources, rehabilitation technology and advanced biometric tracking systems.

Downtown San Diego Partnership’s Create the Future is a resource to showcase Downtown San Diego as the best place to work and live. Learn more about the commercial properties downtown and urban living opportunities at createthefuturesd.com. Create the Future's resources are brought to you by the Downtown Property and Business Improvement District's Commercial Enhancement Program (CEP) committee.