New Developments on The Horizon (Week 2)

La Jolla Common Tower 3 (LJC3)

La Jolla Common Tower 3 is a premier Class A office building located at 4727 Executive Drive. It stands 11 stories tall and offers 212,851 square feet of modern office space, perfectly aligning with current market demands for top-tier office environments. 

LJC3 has created an incredible atmosphere for both employees and visitors. The building offers tenants two single-story amenity structures that total 12,100 square feet. The on-site amenities will include a state-of-the-art indoor/outdoor gym, a restaurant, a basketball court, a shoe shine station, a coffee bistro, and more. Additionally, the building will have an on-site property management team and concierge service.

Key Takeaways

What stands out to me about the layout is the combination of open floor plans and knockout panels. The knockout panels will allow for greater flexibility by allowing for easy modifications if tenants need to adapt their space. This feature also allows tenants to connect multiple floors, with a typical floor being 20,493 of rentable square feet.

In this post-COVID era, there has been a growing demand for high-quality Class A offices. Companies are willing to pay a premium for spaces that cater to their employees’ needs and create a premium working environment. Though the office sector has been hit hard by the rise in remote work, Class A office buildings are seeing strong leasing activity in San Diego.

Source - La Jolla Commons 3