IRVINE, CA—As the healthcare industry continues to consolidate and evolve, healthcare real estate is stepping in to meet the changing needs of health systems, providers and patients. As GlobeSt.com reported recently, healthcare is one of the fastest-growing segments of our economy, so it's not surprising that healthcare-related real estate transactions are also on a fast track. GlobeSt.com spoke exclusively with Sonya Dopp-Grech, SVP and director of healthcare services at locally based NAI Capital, about those changing needs and how the real estate industry is approaching them.
GlobeSt.com: What do you see as the biggest trends in healthcare real estate that will hit Orange County in 2015?
Dopp-Grech: Multi-specialty practices are looking to be the biggest trend in healthcare real estate in 2015. As the wave of consolidation and affiliation continues into the next year, multi-specialty practices will become more common. Driving forces are operating efficiencies for the practice and convenience for the patient.
GlobeSt.com: What are the biggest challenges for this sector in this particular market?
Dopp-Grech: The single biggest challenge is to find well-located, large blocks of medical space convenient to hospital campuses or convenient to the patient base.
GlobeSt.com: Where do the greatest opportunities lie for this sector in this market?
Dopp-Grech: The greatest opportunities will be repurposing other commercial real estate to accommodate the needs of larger multi-specialty practices.
GlobeSt.com: What else should readers know about Orange County healthcare real estate in 2015?
Dopp-Grech: 2015 will be a year of opportunities in healthcare real estate. It will be characterized by opportunities for growth and capturing market share through strategic real estate moves.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
