San Diego Medical Office Snapshot | Q1 2015 [REPORT]

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By Paul BraunChris 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 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
    costs.
  • 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.

To request a complete version of the Q1 2015 San Diego Medical Office Snapshot, please contact Paul BraunChris Ross or Kelly Moriarty.

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

Tweet this: #MOB #SanDiego #leasing steady, #vacancy dropping, #rents everywhere are up & keep climbing. @JLLNews #research #CRE http://ctt.ec/9bZve

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