Schools are better, quality of life is better for families in neighborhoods like Carmel Valley, Encinitas, Solana Beach, Del Mar, North Poway, Rancho Bernardo, Escondido, Penasquitos. The most active in development is Rancho Bernardo. Office space is hot all along Interstate 15, Bakke said. Meanwhile, industrial space is multiplying. Co. Biomedical, biotechnology, telecommunications and maquiladoras are occupying much of the new space.
More space means more vacancy.
For industrial space, the figure rose from 7.8 percent to 9.6 percent during the first quarter, as 3.2 million square feet of new space came on line. Net industrial absorption during 1999's first quarter was 1.3 million square feet. Vacancy in Poway stands at 16.8 percent, down from 19 percent at the close of 1998. Poway should continue to lead the industrial boom, with available land priced lower than in Sorrento Mesa and Kearny Mesa. To the south, affordable land in Chula Vista and on Otay Mesa makes the area a leader in international manufacturing and distribution.