X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Thanks to a steady stream of healthcare consumers, the medical office sector has remained largely resilient in the face of economic headwinds. Indeed, people fall ill regardless of the health of the economy, and as a result, medical office has not seen the same sort of pullback that other industries have experienced.

Although a niche sector, according to the 2013 Emerging Trends in Real Estate report from Urban Land Institute and PricewaterhouseCooper, “medical office space presents compelling investment opportunities as the nation’s health care industry balloons to take care of graying baby boomers.” In addition, despite whatever criticism people might have about President Obama’s healthcare reform bill, it will ultimately result in health insurance for nearly 30 million additional Americans, which means more medical office space will be required. The ULI/PwC report notes that “the demand from doctors, clinics, labs and rehab providers is ‘crazy to ignore.’ Landlords should not have problems leasing space anywhere near hospital centers and medical complexes.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.