Population: 151,613
Median Household Income: $50,899
Median Age: 33.7
Escondido is nestled in a valley in San Diego’s North County and surrounded by vistas of rocky hills.
Around 35% of dwellings are multifamily/ condos, with median household incomes nearing $55,000.00 a year. Current commercial developments revolve around industrial, multifamily, mixed use, and some retail. Escondido’s most notable commercial developments are in the industrial sector, as vacancy rates were 1.7% in Q1 2017. Badiee Development sold 10.9 acres of land to Exeter Property Group for $11.5million and are partnering on an industrial park and distribution center totaling over 200,000 square feet. The project broke ground and is expected to be completed by spring 2018.
*Demographic data – 2016.
