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San Diego Industrial/Warehouse Space In-depth San Diego is the eighth largest city in the United States and second largest city in the state of California. The city is located on the coast of the Pacific Ocean in Southern California, immediately adjacent to the Mexican border.
The San Diego regional economy continues to undergo a dynamic transformation from one based on mili... Read More
San Diego Industrial/Warehouse Space In-depth San Diego is the eighth largest city in the United States and second largest city in the state of California. The city is located on the coast of the Pacific Ocean in Southern California, immediately adjacent to the Mexican border.
The San Diego regional economy continues to undergo a dynamic transformation from one based on military and defense spending to an economy that is propelled by high-technology companies competing in the international marketplace. These mostly small and mid-size high-tech firms produce the products and services most in demand in the new global economy. Since a recession of the early 1990s, San Diego has seen dramatic increases in its gross regional product, exports, per capita income, and employment.
San Diego has one of the most competitive sales tax rates in California. Business tax is rate is lower than any of the 20 largest cities in the United States. It also has the lowest bonded indebtness rate and real estate transfer tax in California, along with no city income taxes or utility taxes on citizens.
In 2010, former Governor Schwarzenegger’s Office of Economic Development designated San Diego as an iHub Innovation Center for collaboration potentially between wireless and life sciences, citing the area's wireless business, pharmaceutical research and start-ups for medical devices and diagnostics. San Diego was ranked the top biotech cluster in the United States by the Milken Institute. San Diego industrial space is home to more than 400 biotechnology companies in the area. In particular, the La Jolla and nearby Sorrento Valley industrial spaces are home to offices and research facilities for numerous biotechnology companies.
Manufacturing sectors with operations in San Diego industrial space include defense & security systems, biotech & medical devices, electronics & telecommunications, software & web development, food & beverage production and clean technology – solar panels, biofuels and clean gas technology.
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