ENCINO, CA—The medical office market in Encino is experiencing an uptick in demand. Recently, NAI Capital SVP Jeremy Barbakow closed seven medical office lease transactions in the market totaling more than 20,000 square feet, GlobeSt.com reports exclusively. According to Barbakow, the Affordable Care Act and the improved economy are driving the demand for medical office space.

“Since the beginning of 2014, there has been a significant increase in the demand for medical office space in the Encino/Tarzana market,” Barbakow tells GlobeSt.com. “Now that Obamacare is active and the economy has improved, doctors have a clearer vision of the future and now have the confidence to open new locations, expand their practices and the willingness to commit to signing long term leases."

Three of the seven leases were signed at Rubio Plaza East, which is located at located at 16542 Ventura Blvd., in Encino, CA. Cardiovascular Consultants singed the largest lease for a 5,815-square-foot space, while Arkady Kagan M.D. signed a 3,047-square-foot lease and Mansouri and Curtin Inc. signed a 2,440-square-foot lease. Barbakow represented the landlord, Diamond Capital Group, in all three transactions, as well as Arkady Kagan M.D. CBRE represented Cardiovascular Consultants and Gold Leaf Group represented Mansouri and Curtin Inc.