{"id":1004762685,"date":"2025-06-25T06:51:43","date_gmt":"2025-06-25T14:51:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004762685"},"modified":"2025-06-25T20:15:37","modified_gmt":"2025-06-26T04:15:37","slug":"jll-signs-san-diego-office-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-signs-san-diego-office-lease\/","title":{"rendered":"JLL Signs San Diego Office Lease"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage.jpeg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004762688\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rendering-of-la-jolla-commons-iii-in-san-diego-calif-with-jll-signage-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage-edited.jpeg\" data-orig-size=\"2822,2120\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;zsaloff&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Rendering of La Jolla Commons III in San Diego, Calif. (with JLL signage)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage-edited.jpeg?w=1024\" height=\"769\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage-edited.jpeg\" alt=\"Rendering of the 212,800-square-foot La Jolla Commons III office building with JLL's exterior signage. \" class=\"wp-image-1004762688\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage-edited.jpeg 2822w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage-edited.jpeg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage-edited.jpeg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage-edited.jpeg?resize=1024,769 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage-edited.jpeg?resize=1536,1154 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Rendering-of-La-Jolla-Commons-III-in-San-Diego-Calif.-with-JLL-signage-edited.jpeg?resize=2048,1539 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">The 212,800-square-foot La Jolla Commons III rises 11 floors, while the other two assets in the campus have 13 stories each. <em>Rendering courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>JLL has signed a 15,869-square-foot lease at American Assets Trust\u2019s La Jolla Commons III, a 212,800-square-foot office building in San Diego. JLL will move to the entire 11th floor starting next January. American Asssets Trust owns the three-building campus, according to CommercialEdge.<\/p>\n\n\n\n<p>The firm will leave its current San Diego office space at 8910 University Center Lane. The lease at La Jolla Commons III will become the company\u2019s main hub in San Diego, housing, among others, the firm\u2019s brokerage, capital markets and retail business lines. The tenant will also receive exterior signage rights.<\/p>\n\n\n\n<p>The property is located at 4727 Executive Drive, within San Diego\u2019s University Town Center submarket and near Interstate 805, which connects the property to downtown San Diego, 13 miles south. Other major thoroughfares in the area include Interstate 5 and California State Route 52. The 1.1 million-square-foot Westfield UTC shopping mall is less than 1 mile west of the office buildings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-three-building-campus\">A three-building campus<\/h2>\n\n\n\n<p>La Jolla Commons III came online in 2023 and is the third office development within the campus. Skidmore, Owings &amp; Merrill served as the building\u2019s architect, while Whiting Turner Contracting Co. was the general contractor.<\/p>\n\n\n\n<p>The mid-rise features floorplates of approximately 20,000 square feet across 11 floors, with the other two buildings in the campus each rising 13 stories. JLL will join coworking giant Industrious at La Jolla Commons III, where it plans to open a flex office location next month.<\/p>\n\n\n\n<p>Amenities at the LEED Gold-certified campus include a fitness center, conference facilities, wellness room, EV charging stations, basketball court, as well as a barbecue area with outdoor seating and a park.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-san-diego-listing-rates-above-national-figures\">San Diego listing rates above national figures<\/h2>\n\n\n\n<p>May saw average listing rates in San Diego rise to $45.2 per square foot\u2014significantly higher than the $33.2 national figure\u2014reflecting a 6.2 percent increase year-over-year, according to the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-april-2025-2\/\">CommercialEdge office report<\/a>.<\/p>\n\n\n\n<p>The top listing price per square foot in the city was recorded for One La Jolla Center\u2014$70.2\u2014which is located across the street from La Jolla Commons III. Vacancy rates in the city surged to 23.1 percent, up 460 basis points compared to the same time last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will move to an entire floor at La Jolla Commons III.<\/p>\n","protected":false},"author":3619,"featured_media":1004762688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,1608,15],"tags":[35896,32796],"class_list":["post-1004762685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-san-diego","category-west","tag-american-assets-trust","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JLL Signs San Diego Office Lease - 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