You can tell a lot about healthcare commercial real estate from statistics. Certainly, that was the case with the keynote presentation that John Chang, senior vice president and National Director Research and Advisory Services of Marcus & Millichap, gave at the GlobeSt.com HEALTHCARE Real Estate event underway at the Andaz Scottsdale Resort in Scottsdale, AZ.
For instance, he noted that people aged 55 and older accounted for a majority of the total healthcare spending in the US and that is expected to rise. "The healthcare space is a growing sector," Chang said. "National healthcare spending is expected to surpass $5.2 trillion."
Another data point of interest: The 65+ aged population continues to migrate south. As a result, "growth in [healthcare] real estate has been phenomenal."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
