The medical office market in San Diego is on fire. Last year, the medical office vacancy dropped to 5.2% in the market with class-A vacancy dipping below 3% to 2.9%. Healthcare industry changes and new entrants in into the market have driven the demand and leasing activity.
"There's a lot of change in the healthcare space, and with change comes new competition, new delivery models, heightened focus on the best quality care at lower costs, and general confidence that healthcare is moving in the right direction on just about every level," Chris Ross, EVP at JLL, tells GlobeSt.com. "Physicians and other healthcare providers need to remain relevant, community facing, and well branded. With that comes movement toward more accessible locations and nicer, more inviting and comfortable space."
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