The retail sector continues toface competition from E-commerce, with many big box stores closingand sitting vacant. Medical office, however, will remain aninvestment favorite as superior healthcare real estate performancemakes them attractive for equity investors.
So, what do these two trends have in common?
Scott Mason who heads the Health Care Group at Cushman andWakefield said in an interview that improvements must be made inthe physical backbone of health care. One way would beeliminating the traditional but inefficient office building withlots of doctors in their individual offices, each with their ownreceptionist and billing person. For one health care systemthis meant putting their doctors in abandoned supermarkets withplenty of free at-grade parking or hospitals leasing entire officebuildings.
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S. Ira Grossman
Mr. Grossman has 40 years experience years of experience in architecture, construction and due diligence consulting throughout the United States. A respected veteran in the due diligence industry, Mr. Grossman has provided engineering and environmental services to major corporations both as an internal resource and as a third-party consultant.
