Medical properties outperforming most commercial real estate

12/17/2009 | Los Angeles Times (tiered subscription model)

Medical tenants have done a lot better through the recession than most retail office tenants, and their success is showing up in comparatively high rents and occupancies for buildings serving the health care sector. While the vacancy rate for general-purpose offices is 16%, only 10% of available medical office space is vacant. Chris Bodnar, vice president of CB Richard Ellis' Health Care Capital Markets Group, said sales volume for medical properties is up nearly 11% this year, while overall office sales have declined.

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