Commercial Real Estate Strengthens in Vista
The Vista Business Expo just recently occurred on November 5th. I’ve been involved with this event for the past 7 years and it is by far one of my favorites. We had over 70 exhibitors, our breweries were represented well, and we had an incredible presence from the military. Every year, this Business Expo is a continuous challenge for the Vista Chamber as we struggle to find an available building in the business park that is suitable to hold such an incredible event. I must say…this year was no exception. The direct vacancy ratio in the Vista Business Park is at 5.7%, lower than it’s ever been! Our business park is booming! I had the absolute pleasure of speaking with the City of Vista’s Economic Development Director, Kevin Ham, regarding some of the successes we have seen in the park…
The Vista Business Park was originally an attraction for manufacturing facilities, and has evolved to become a destination for corporate headquarters. The City of Vista has been proactive in working with the business owners, property owners, and commercial brokers to look “ahead of the curve” in efforts to strategize, collaborate, and innovate.
AutoGenomics, a company who has endeavored to create automated technologies that simplify the complex test processes inherent in genetic analysis, is a great example of The City of Vista working with the businesses. AutoGenomics recently relocated to the old DJO building, but as their operations and needs are different than that of DJO, the parking situation posed an issue. City zoning regulations didn’t help the situation, but by working proactively in an effort to improve; zoning ordinance was altered and a parking structure created.
Kevin Ham referred to the “Rise of the Creative Class”. People want to work and live in an area that they really enjoy! In the past few years, over 10 breweries have established locations in the City of Vista with 3 more to come! Facade improvements, new businesses, and new developments are contributing toward improvement. The City of Vista has also been strategic in creating and maintaining alliances with the other cities that border the 78 corridor, in efforts to provide value for companies to remain locally.
The growth and viability of the City of Vista is continuously moving in a positive direction. The strengthening relationships among the Chamber of Commerce, City, and locality press onward toward achievement and success creating a desirable community to live, work, and play!
Chairwoman of the Board
Broker-Owner RE/MAX Regal
CA BRE: 01734895