SAN DIEGO, CA

San Diego is one of many markets that benefits from the rising cost of living in Silicon Valley.

It is still one of the most expensive markets in the country, but is quite affordable by California standards. Combined with a thriving life-sciences sector, the construction market here is set to grow through at least 2025.

The Residential sector is still the largest here, as San Diego is – like all of California – in a severe housing shortage. It is currently estimated that the area needs to double housing construction in order to accommodate all its residents. Statewide officials have made movements to address this in recent years, streamlining the approval process for new permits and encouraging multifamily development. It will take time for these efforts to bear fruit, but in San Diego we expect higher-density residential projects to enter the pipeline.

* Other structures include religious buildings, amusement, government communications, and public recreation projects.