BOSTON—There are currently $7.9 billion in healthcareconstruction projects in the ground or in late planning totalling8.9 million square feet in New York, Connecticut and the remainderof New England, according to Revista, a realestate data information firm.

The inaugural report authored by the Annapolis, MD-based firmalso noted that the Northeast construction pipeline incudes 43medical office building/outpatient facility projects totalling morethan 4.35 million square feet with a total value of almost $2.9billion, and 23 hospital/inpatient projects totalling more than 4.5million square feet with a total value of more than $5 billion.

“The level of healthcare real estate construction activity seenin the Northeast bodes well for the rest of the country,” saysMike Hargrave, one of Revista's foundingprincipals. “Although we don't have national data yet, we would notbe surprised to see similar levels of activity in other parts ofthe nation.”