- Leasing 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 an all-time high. Sole practitioners, dentists and medical groups of all sizes have flooded the market seeking opportunities to acquire real estate and control long-term
- Currently under construction are the new 175K-SF MOB on Scripps’ La Jolla campus and the 15K-SF MOB at La Jolla Village Professional Center.
Post on LinkedIn: San Diego MOB market conditions and trends for Q1 2015: Leasing activity is steady. Vacancy is gradually dropping. Rents and prices everywhere are up and will keep climbing. Share on LinkedIn
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