JLL’s Senior Managing Director, Jeff Ingham sat down with GlobeSt.com to discuss growing healthcare-technology firms in Orange County and their impact on the real estate market. The healthcare industry has become a driving force absorbing more space in Orange County and accounting for roughly 20% of active tenant demand. Ingham attributes this growth to “changes in population and Obamacare.” He adds,”The supply of patients has grown significantly, and we have seen this growth not only here in Orange County but across the country where healthcare has really become a dominant force.”
In the exclusive Q&A, Ingham discusses the types of healthcare tenants that are currently in the market as well as the diverse types of space that have become desirable. Size, location and type seem to vary widely from tenant to tenant. He explains, “the tech side is taking smaller spaces, while insurance companies and administrative firms are taking larger spaces—more than 100,000 square feet. Tech integration is smaller. Healthcare in some form or fashion is in all size ranges.”
One thing that is consistent is the steady growth we have seen from the healthcare industry and as we move into 2016 and beyond, there is no sign of slowing down anytime soon.
Read the full article: Healthcare Tech Firms Are Taking Space