Bisnow/Allen Matkins - San Diego Future of Downtown - Jim Reynolds, Oliver McMillan

To OliverMcMillan SVP Jim Reynolds, it feels like 2006—there's no standing inventory of previously built condos and most of the major parcels are spoken for. Land values have doubled in the past six months. Developers haven't been able to justify building high-rises, but with everything full and rents are going up, he expects to see some new projects in downtown San Diego.