INDUSTRIAL DEVELOPMENT IN OTAY MESA
The Otay Mesa finished industrial land market is in $13.00- $15.00 per square foot range less any applicable assessment district bonds. The average fee for a building permit is approximately $4.50 of per square foot, exclusive of other fees.

Total square footage: 9,800,000 ft.2 Vacancy rate: 1,250,000 ft.2 (12.75%)
Annual absorption: 600,000 - 700,000 ft.2

LEASING INFORMATION
Current rental rates for industrial warehouse suites ranges from $ 0.55 to $ 0.70 per square foot triple net for spaces less than 15,000 square feet with an approximate 10%-25% office. For spaces over 15,000 square feet, rental rates are $0.48 to $0.60 per square foot triple net with 5-10% office.