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Medical Office Demand Drives Redevelopment Projects

Investors are converting office and light industrial properties into medical office to keep up with demand.

John Pollock John Pollock is the CEO of Meridian.

Medical office demand is rising rapidly, and to bring new supply to the market, investors have been converting office and light industrial properties into medical office facilities. As a result, there has been an increase in adaptive reuse medical office projects throughout the California market.

“There is an abundance of under-utilized office and light industrial properties. I believe there is an incredible market for redevelopment, which is a result of the convergence of several key factors,” John Pollock, CEO at Meridian, tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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