As hospitals continue to grapple with treating more serious illnesses that may have gone overlooked during the pandemic, demand for ambulatory and outpatient services is rising — with big implications for commercial real estate.
Outpatient volumes are predicted to grow by 16% per the next decade, according to Avison Young, and that upswing will require the healthcare real estate sector to continue to adapt. In particular, the medical office building sector, which has added more than 60 million square feet of space over the last four years across the top 50 US metros, will continue to thrive.
"Demand for healthcare real estate is expected to remain strong, with the growing MOB market attracting significant interest from private investors as well as the country's specialist healthcare REITs," the firm notes.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
