Category Archives: healthcare

San Diego employment update │ September 2015 [REPORT]

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San Diego employment continues to increase as total non-farm employment grew by 42,400 jobs, or 3.1 percent year-over-year. August’s jobs report displays that the growth trend is stable and jobs continue to be created in the market.

Professional and business services recorded the greatest year-over… Read More

San Diego Medical Office Report | Q2 2015 [REPORT]

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By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group

MOB-ReportThe San Diego medical office market is steadily chugging along. Many providers are seeking opportunities to upgrade their space, building or location since, in most areas, rents and prices are still reasonable and favorable tenant improvement allowances and concessions are still available.

Vacancy continues its gradual… Read More

REAlliance LLC Purchases Medical Office Building for $4.6M in San Diego

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REAlliance, LLC purchased a 27,239-square-foot medical office building in San Diego’s Kearny Mesa submarket from Daley Industrial Venture, No. 5 for $4.63 million. The property is located at 9737 Aero Drive.

JLL’s Chris Ross, Paul Braun and Kelly Moriarty and Colliers International’s Richard Lebert and Matt Zimsky represented the buyer, while Brandon Keith and Randy LaChance from Voit Real Estate Services represented the seller.

This property is a great example of a growing

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San Diego Medical Office Snapshot | Q1 2015 [REPORT]

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By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group

  • 1Q15-MOBLeasing activity is steady. Vacancy is gradually dropping. Rents and prices everywhere are up and will keep climbing. Investment property and owner-user demand is sky-high but good opportunities are limited. On-campus MOB and hospital construction is significant while off-campus development is mostly limited to pre-leased buildings.
  • Owner-user sale activity is at
  • Read More

JLL takes 5th Place for SDBJ’s Healthiest Companies

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Healthiest Companies 2015 Logo_SMOn May 7, 2015, JLL received 5th place, under the Companies Based outside San Diego category, in the SDBJ’s Healthiest Companies Awards. Winners were chosen based on their comprehensive wellness programs. JLL has strategically embraced wellness and prioritized a healthy workforce as integral components of our business plan. As wellness initiatives have become commonplace… Read More

San Diego employment update │ April 2015 [REPORT]

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Please note that all charts and graphs reflect the most up-to-date data from the Bureau of Labor Statistics employment data.

Click here for more market insight on our San Diego research group web page:San Diego – Research

Post this: JLL Research reports San Diego’s April economic overview reveals Education and Health Services posted 2nd largest increase. Share on… Read More

What Could Derail Climbing MOB Prices?

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Very little could derail climbing medical-office building prices, other than the threat of rising interest rates, JLL’s vice president Chris Ross and managing director Paul Braun tell GlobeSt.com exclusively. The firm’s San Diego healthcare practice group recently released its Q4 2014 medical-office report, which revealed:

  • Medical-office-building vacancy in San Diego has fallen below 10% to 9.7%.
  • Rents are going up; the high end of rental rates is now $4 triple net, and the average asking rate for medical-office building space is
  • Read More

United States Employment Update – March 2015

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March-2015-employment-update-6The national labor market continues to add jobs and maintain the momentum gained over the past few quarters, with 295,000 jobs added in February alone. Year-to-date, the economy has already seen 534,000 new jobs and is poised to sustain this level of growth over the next 12 to 18 months as other macroeconomic… Read More

Creative Space Key for Life Sciences Sector

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Life sciences companies are using modern creative space to attract and retain employees and provide an environment that fosters innovation, BioMed’s Realty Trust’s chairman and CEO Alan Gold tells GlobeSt.com exclusively. The firm has recently made news by revealing its fourth-quarter 2014 and full-year 2014 financial results, which showed strong performance and subsequent momentum into 2015 that resulted in the company raising the midpoint of FFO guidance for 2015 to $1.44… Read More

San Diego Medical Office Report | Q4 2014

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By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group

It’s official: countywide medical office vacancy has fallen below the 10% benchmark. Rental rates are now steadily rising. The market is showing consistent signs of improvement, with some properties achieving record sale prices and rental rates. Investment properties have recently traded for as much as $729/SF. Unique owner-user properties have reached upwards of $500-600/SF. And the new high… Read More