JLL to relocate in San Diego, California; Signs new lease in UTC submarket

SAN DIEGO, CALIF., June 24, 2025 – JLL, San Diego’s market leader in commercial real estate services, announced today it has signed a new lease at La Jolla Commons III, a premier Class A office tower located at 4727 Executive Drive in the heart of the UTC submarket. The firm will occupy the entire 11th floor—15,869 square feet—of the 212,800-square-foot building. This move represents a relocation from its current space at 8910 University Center Lane and reaffirms JLL’s investment in its people, clients, and the broader San Diego business community. JLL is expected to move into its new San Diego space in January 2026.

Slated for occupancy in January 2026, the new office will serve as JLL San Diego’s main hub, housing professionals across brokerage, capital markets, retail, project and development services and other business lines. The relocation is both a strategic and cultural decision, aligning with the continued flight-to-quality trend shaping today’s office market.

“We’re doing what we regularly advise our clients to do—creating a space that is inviting to employees and that helps build a strong, connected culture,” said Tim Olson, Market Director for JLL San Diego. “This new location offers not only a more efficient footprint, but a first-class workplace designed to inspire collaboration, drive innovation, and support the well-being of our team.”

JLL’s new workplace features 14-foot ceilings and expansive 11-foot windows that fill the office with natural light and offer sweeping views of San Diego. Employees will benefit from a large 11th floor outdoor common patio ideal for informal meetings, as well as top-tier building amenities such as a fitness center with showers and lockers, a new Cohn family restaurant, a modern café, and easy access to nearby shops, restaurants, and transit. JLL will also have prominent exterior signage facing La Jolla Village Drive—strengthening its brand visibility in one of the city’s most prominent business corridors.

In true JLL fashion, every aspect of the move—from lease negotiation and interior design to architecture and project management—is being handled by the firm’s own in-house teams. This end-to-end execution showcases JLL’s integrated platform and the same capabilities it provides to clients across San Diego and beyond.

According to JLL Research, office users are increasingly prioritizing newer, amenity-rich buildings with features such as outdoor space, abundant natural light, and wellness facilities—key elements that informed JLL’s selection of La Jolla Commons III.

“This relocation comes at a time when companies across the region are reevaluating the role of the office in light of evolving work patterns,” Olson added. “JLL’s decision to move to a premier space reflects the ongoing transformation of the workplace and our belief in the power of high-quality environments to attract talent, foster collaboration, and drive results.”

As the trusted real estate advisor to many of San Diego’s top companies, JLL is not only helping clients adapt to change—it’s leading by example. Over the past 36 months, JLL San Diego has completed more than 1,500 lease transactions totaling over 11 million square feet and has financed $5.2 billion across 99 capital markets deals. The firm continues to shape the region’s commercial real estate landscape and is proud to invest in a space that reflects its leadership, values, and vision for the future.