In first quarter 2020, there was much uncertainty and many unknowns about how the medical office market would fare as COVID-19 began to wreak havoc across the globe. At the end of 2020, vacancy was down and rates were up. And now, the vaccine rollout has many providers feeling more confident with expansion plans, according to JLL’s latest Orange County medical office report.
While many health systems continue to restrict capital spends, private payer groups continue to absorb space throughout Orange County with fertility, surgery centers and behavioral health groups leading the way. The continued strength of the medical office market but with fewer health systems absorbing new space is as if the Patriots had six Super Bowl wins without Tom Brady.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.