In a recent move signifying the shifting dynamics of downtown San Diego's real estate, JLL has secured a significant lease for the City of San Diego at Five50West, an office building with a fresh face post-renovation. According to information from Connect CRE, the city's Development Services Department will soon occupy 43,000 square feet in the newly reimagined space at 550 W. C St.

The Development Services Department's planned relocation highlights JLL's recent leasing successes, including deals with SmithGroup Architects, Veritext Corp, and Matthes Law. In a statement detailed by Connect CRE, Richard Gonor, associated with JLL, noted, "Downtown and the overall San Diego office market is in a period of flux with landlords and developers working to create a new hub for businesses and residents." Gonor further emphasized that Five50West is setting an example for office spaces in the area with considerable capital reinvestment.

A hallmark of Five50West's transformation is its focus on enhancing tenant well-being. As described on its dedicated website, the property boasts a brand-new fitness center named 550Fit, launched in March 2024, and outdoor spaces designed for both work and relaxation. Additional amenities such as full-service dining and a Japanese-style speakeasy will raise the draw for future tenants seeking an upgraded office experience with convenience and luxury in mind.

The strategic location of Five50West, with walking distance to various governmental buildings and a plethora of nearby dining and fitness options, positions the site as a hub in the heart of San Diego's bustling downtown area. Security, convenience, and comfort factor into the site's appeal, further supplemented by an "above standard parking Ratio 2.0/1,000 with EV charging stations," as detailed on the Five50West brochure. With a 98 Walk Score and adjacent access to multiple transit options, tenants are positioned to enjoy a highly connected urban lifestyle.