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San Diego’s medical office market is having a phenomenal year. This year, the market has posted three consecutive quarters of rising occupancy rates and total absorption of more than 107,000 square feet, according to a new report from JLL. In addition to physicians, which have long been drivers of medical office activity, single-specialty providers have been a new source of demand. As a result, medical office product now has a 6.2% vacancy rate and 2.3% rent growth in San Diego.

“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.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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