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Hughes Marino: Qualcomm Layoffs Won't Affect SD Office Much


When it comes to Qualcomm's layoffs and its impact on San Diego's office market, so far, so good. Hughes Marino told Connect Commercial Real Estate that the layoffs "are not devastating the San Diego office market." "The reason for this is a limited amount of new construction taking place, so the 254k SF that Qualcomm has said it will not re-lease shouldn't hurt the market." [CCRE]