Medical office demand is rising rapidly, and to bring new supply to the market, investors have been converting office and light industrial properties into medical office facilities. As a result, there has been an increase in adaptive reuse medical office projects throughout the California market.
“There is an abundance of under-utilized office and light industrial properties. I believe there is an incredible market for redevelopment, which is a result of the convergence of several key factors,” John Pollock, CEO at Meridian, tells GlobeSt.com.
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