Comp Walks and Property Assessments in San Diego

We tour each comparable property the way a prospect would: arrival, leasing office, tour route, amenity spaces, a model or representative unit, and the corridors and outdoor areas in between. At each stop we look at what was specified, how it has held up, and how the space is actually furnished and used.

San Diego adds its own variables. Along the shore the marine layer and salt air are hard on exposed metal and outdoor upholstery, while inland communities deal with dry heat and strong sun that fade fabrics and finishes. We note which properties have adapted and which are showing wear. Novartis has announced a planned $1.1 billion research hub in San Diego, and nearby owners can expect renters to compare their lobbies against newer product.

• Arrival, lobby and leasing office first impressions
• Amenity rooms, courtyards and pool areas: layout, furniture and condition
• Model or sample unit finishes, lighting and furniture scale
• Signage, wayfinding and the feel of corridors and elevators
• Finishes that are aging well or poorly in coastal or inland conditions

San Diego housing is a mix: infill mid-rise and podium apartments near transit and job centers, garden-style communities in the inland valleys, senior living, and renters tied to the military and to workforce employers. Demand tracks health care, biotech and defense employment, so the people touring your building may be weighing it against a very different product than the one next door.

A podium building competes on lobby, rooftop and co-working space. A garden-style community competes on pool, clubhouse and outdoor living. A comp walk keeps those comparisons honest by choosing comps that match your actual renter rather than the nearest address.