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December 10, 2017
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SAN DIEGO NEWS
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Burke Development Starts Work on Spec Office Building in Carlsbad

9/20/17

Burke Development is under construction on Aston Point, a 49k sf office building in the city of Carlsbad. Aston Point will be the first spec office building in the city in more than 10 years.

William Skinner & Associates is designing the modern, two-story building, which features 5k sf of outdoor patio area and collaborative space with views of the Pacific Ocean. Miller Contracting Company started the project in April, which is scheduled for completion in November 2017.

Aston Point is located at 1800 Aston Ave, two miles from the I-5 and five minutes from the Pacific Ocean. The property is also within walking distance to the Island at Carlsbad, a food court and retail center that has recently been renovated and includes more than twenty businesses with nine of those being eateries.

CBRE’s office experts Roger Carlson and Larry Cambra will be leasing the space.

“Aston Point was purposely built for tenants who want to be located in North County and desire open, loft-style floor plans, high ceilings and lots of natural light with views of the ocean and Crossings Golf Course,” said Cambra. “Carlsbad is a lifestyle location for companies with employees that want to take advantage of the great outdoors. It’s unique a place because you could schedule a surf session or a mountain bike ride with a client and do those activities on your lunch hour.”

“North County has seen much of its office demand focused on modern and creative office spaces—we believe this trend is here to stay and there is a lack of quality options of this product type in North County,” said Mike Coady, vice president of development and acquisitions for Burke Development.

San Diego office market fundamentals were trending positively in Q2 2017, according to CBRE Research. Average asking lease rates increased among all classes, vacancy reached a post-recession low, and net absorption was strong.





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