Single-Specialty Providers Drive Record Medical Office Activity in San Diego
This year, the medical office market has posted three consecutive quarters of rising occupancy rates and total absorption of more than 107,000 square feet.
“The health systems and their respective physician networks have been the biggest driver, as usual, but a more recent trend we are seeing from a demand perspective is significant activity from new single-specialty healthcare providers entering the San Diego market,” Chris Ross, an EVP at JLL, tells GlobeSt.com. “Urgent care operators are the most active, in part due to patients demanding more convenient locations for primary services. Urgent cares can get up and running relatively easily and, with the right location, care, marketing and visibility, quickly become profitable.”