Innovation districts anchored by universities are emerging as some of the strongest real estate hubs in California. Office and retail assets inside these campus-linked clusters are outshining properties in the submarkets in which they’re located, Globe Street reported, citing a new report from JLL. A total of 18 districts across the state tied to major research universities are commanding higher rents, lower vacancies and outsized investor interest as tenant demand consolidates around talent, walkability and lab-ready space. The Stanford Research Park, UCLA Innovation Park, UC San Diego’s Science Research Park and San Diego State’s Mission Valley Innovation District are among […]
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