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Why Medical Rents Are Rising in San Diego

The surge in rental rates is directly correlated to a limited supply of available space, allowing landlords to simultaneously push rents and reduce concessions, C&W's Travis Ives and Joe Zurek tell GlobeSt.com.

By Carrie Rossenfeld | carrierossenfeld | Updated on August 16, 2017

Travis Ives Travis Ives

SAN DIEGO—The Q2 surge in San Diego’s medical-office rental rates is directly correlated to a limited supply of available space, allowing landlords to simultaneously push rents and reduce concessions, Cushman & Wakefield‘s senior director in the healthcare-practice group Travis Ives and associate in the healthcare-practice group Joe Zurek tells GlobeSt.com. According to the firm’s Q2 medical-office report for San Diego, average asking rent countywide for medical-office space rise 2.3% in Q1 and 7.1% from the year before to $3.17 per square foot.

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