Medical office is becoming the new hot market in Southern California. According to new research from CBRE, Los Angeles, Orange County and San Diego medical office rents are up 9% since 2010 and vacancy rates are at a record low of 7%. Bryan Lewitt, SVP and the Southern California practice leaser for the healthcare services group at CBRE, says that the Southern California market is the last major market to experience healthcare consolidation, and it is driving increased demand and higher rental rates. To find out more, we sat down with Lewitt for an exclusive interview.

GlobeSt.com: What is driving this tremendous demand for medical office space?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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