The medical office market is booming—particularly for landlords with quality spaces that serve tenants' needs. In most markets, however, there is a dearth of quality buildings, a trend that is putting upward pressure on rents. Smart owners will be able to capture the demand by filling tenant needs.
"Tenants want a building that reflects their image and a space that will create a positive patient experience. Each submarket is unique as to what that looks like," Bryan McKenney, director of brokerage services at Cypress West Partners, tells GlobeSt.com. "Overall tenants want: landlords that take a proactive approach to image and maintenance; signage (where possible) and wayfinding; ease of parking (which in Orange County is often free and surface), landlords that commit the necessary tenant improvements and provide functional spaces."
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