Why Medical Office Demand is Soaring in SoCal

Jason Krotts

Southern California has a thriving medical office market, and this year, it seems demand this year is only growing for quality medical office space. A combination of the increasing senior demographic and a more involved approach to healthcare has produced an active medical office market. Today, healthcare companies are expanding to accommodate current growth as well as prepare for the future.

“We have an aging population, which will have a tremendous effect on our US healthcare systems,” Jason Krotts, a principal at REDA, tells GlobeSt.com. “Approximately one quarter of the US population are baby boomers, and as these people continue to age, their level of healthcare increases. By 2030, the population of people over the age of 65 will double and approximately six out of every ten boomers will be managing one or more chronic conditions. This is why healthcare systems need to prepare for the growing need to service this segment of society. Intuitively, there needs to be more smaller, localized, neighborhood service providers to assist in this growing need.”