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“These conversations are coming up in every single discussion we have with developer clients,” says David Sheldon of Retail Design Collective about the need to renovate retail properties.
With options for large blocks being few amid increasing demand in San Diego and class-B making up the bulk of absorption in Orange County, tenants seeking this space might have some trouble finding it.
In an <b>EXCLUSIVE</b>, John Pollock, Meridian CEO, recently discussed the demand for healthcare, locations of choice for developers and the outlook for medical real estate going into 2018.
There were approximately 210,525 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), about half the total compared with the previous quarter.
A quarter of the country's total population will be in the elder years within the coming decade, along with pressure to cut costs and new technologies, to result in boosted demand for medical office properties.