ENCINO, CA—The medical office market in Encinois experiencing an uptick in demand. Recently, NAICapital SVP Jeremy Barbakow closed sevenmedical office lease transactions in the market totaling more than20,000 square feet, GlobeSt.com reports exclusively. According toBarbakow, the Affordable Care Act and the improvedeconomy are driving the demand for medical office space.

“Since the beginning of 2014, there has been a significantincrease in the demand for medical office space in theEncino/Tarzana market,” Barbakow tells GlobeSt.com. “Now thatObamacare is active and the economy has improved,doctors have a clearer vision of the future and now have theconfidence to open new locations, expand their practices and thewillingness to commit to signing long term leases."

Three of the seven leases were signed at Rubio PlazaEast, which is located at located at 16542 Ventura Blvd.,in Encino, CA. Cardiovascular Consultants singedthe largest lease for a 5,815-square-foot space, whileArkady Kagan M.D. signed a 3,047-square-foot leaseand Mansouri and Curtin Inc. signed a2,440-square-foot lease. Barbakow represented the landlord,Diamond Capital Group, in all three transactions,as well as Arkady Kagan M.D. CBRE representedCardiovascular Consultants and Gold Leaf Grouprepresented Mansouri and Curtin Inc.