Medical office demand is rising rapidly, and to bring new supplyto the market, investors have been converting office and lightindustrial properties into medical office facilities. As a result,there has been an increase in adaptive reuse medical officeprojects throughout the California market.
“There is an abundance of under-utilized office and lightindustrial properties. I believe there is an incredible market forredevelopment, which is a result of the convergence of several keyfactors,” John Pollock, CEO atMeridian, tells GlobeSt.com.
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