Al Brooks, Head of Commercial Real Estate, Commercial Banking. Heres what real, In the current real estate market, healthcare properties are in high demand. It also provides informative data analysis, and is essential . Associate Ron Ott provided transactional support. Transaction volume and investment activity are strong indicators about the prospects of any real estate asset class. If you are an active subscriber, please log in. Properties can range in size, quality and scale. FOURTH QUARTER 2022 HIGHLIGHTS INVESTMENT ACTIVITY Invested $310.3 million at a weighted average initial cash capitalization rate of 6.7%, including the acquisition of 17 properties with [], Posted in Breaking News, Capital Markets, Companies & People, REIT Report, Newmark acted as exclusive advisor to the portfolio owner and borrower, Montecito Medical Real Estate Newmark Senior Managing Director John Nero, Executive Managing Director Ben Appel and Senior Managing Directors Jay Miele and Michael Greeley of Newmarks Healthcare Capital Markets group led the transaction. Therefore, hospitals must use carefully created appraisals when bidding on a property because they are generally not allowed to pay over fair market value (or a price otherwise deemed commercially reasonable) for real estate. Environmental real estate trends will be key in 2022. 2023 Alliance Consolidated Group of Companies LLC | All rights reserved | Privacy Policy, Medical Office Buildings: What You Need To Know, Medical office real estate was once considered so highly specialized that few individual investors wanted to add it to their portfolios. Is the Red-Hot Industrial Market Beginning to Cool? The COVID-19 initiative has influenced the drive for more telehealth consultations and increased the focus on technology for . Patients still need to receive medical care in areas like these, and medical office buildings offer tremendous value for physicians practicing in these places. Prospective investors will want to ensure that their projects will deliver at least the same quality if they expect to receive the same rental rates. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Available office and lab real estate in Boston Q2 2022, by district and type; The most important statistics. The pandemic aside, healthcare occupations are expected to be in high demand for years to come. The source also includes extended reality tech products like the Microsoft Hololens, which surgeons can wear to view 3D holographic images of patient scans. The rents that other MOB landlords receive should be put in the context of their building and tenant quality, including but not limited to the age of the building and the extent of the tenant fit-outs. MOB space under construction as a share of inventory is highest in Atlanta at 6.1%, followed by Miami at 5.9% and Washington, DC at 5.2%. The 2022 Medical Office Fundamentals Outlook explores and illustrates timely real estate-related topics for medical office buildings, including rental rates, development trends, preferred product type, COVID-19 impacts, and pricing parameters. MOBs are dark blue and office buildings are light blue in the graph provided by Real Capital Analytics below. Traditionally, they have been located on or near hospital campuses, given the referral patterns between physicians and affiliated hospitals. Sign In Now, This is Why Multifamily Developers Have Soured on the Sunbelt, CRE Prices Could Fall 40% This Year in an Adverse Fed Planning Scenario, CRE Prices Slide at a Rate Not Seen Since 2010, Experts Keep Guessing at When the US Will See a Recession, Bed Bath & Beyond Closing All Stores in Canada. Currently, both property types are averaging about 6.6-6.7% cap rates. Given growing demand for medical office space and a lack of new construction, many real estate developers are starting to convert traditional office space into medical office. Opportunity zones are areas designated by the government. Another prominent trend is the conversion of vacant retail stores into medical office properties. Past performance is no guarantee of future results. In 2020, the average price per square foot rent for MOB buildings increased by a more substantial 5.5%, a factor attributed to limited supply. According to Colliers, office vacancies were at 12.6% in mid-2020 vs. just 8.6% for medical office buildings. Privacy Policy Using Debt for Real Estate Investing: Is It a Good or Bad Idea. Such Investments are only suitable for accredited investors who understand and willing and able to accept the high risks associated with private investments. According to CoStar, a commercial real estate database, MOB asking rents average around $22.30 per square foot (NNN). Anyone looking to develop or otherwise significantly invest in their medical office building will survey the need to ensure that the money they plan to spend on the project can be supported by current market rents. By co-locating in a more traditional retail environment, healthcare providers gain greater visibility, better access, and branding opportunities that give them a competitive advantage over those located in more isolated suburban office parks. Concerns about the economy are top of mind for most global real estate leaders as they prepare for the remainder of 2022 and 2023. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction. 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. They can be successfully located in urban, suburban, and rural locations and may or may not be affiliated with a hospital. One major factor is an aging population; with more people living longer, there is an increasing need for healthcare providers and services. Oct 2022 - Present5 months. Asking rates ended at $23.69 per square foot, moving up 3.7 percent compared to the same time last year. The information represents EquityMultiples view of the current market environment as of the date appearing above. It only took a global pandemic for people to reconsider. The 179,000-square-foot portfolio comprising outpatient medical office buildings and surgery centers spans four statesPennsylvania, Connecticut, Georgia and Texas. The fourth quarter brought some relief from mounting macroeconomic challenges as inflationary pressures wane, but office tenants remain cautious as they adjust to rising costs of capital and falling valuations. https://www.rcanalytics.com/tag/medical-office/. We then use another company to send special offers through the mail on our behalf. This website provides preliminary and general information about the Investments and is intended for initial reference purposes only. Several factors are driving this growth in demand for MOBs. This will provide insight into the types of physicians looking to lease MOB space in that vicinity and the kind of healthcare practice that will dictate how much space those physicians need. Landscape version of the Flipboard logo . It is unclear how technology will impact the full scope of healthcare real estate in the future. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Vacancy decreased 150 bps year-over-year ending the third quarter at 11.4 percent with positive net absorption ending at 124,331 square feet. A comprehensive cost assessment may also factor in any potential tax implications (though MOB is heavily tax-advantaged, as properties can usually be depreciated to offset an investors taxable revenue). For the first time, medical office cap rates are now lower than traditional suburban office cap rates which is indicative of growing investor demand and optimism about the sector. There are also costs, like ongoing property management, that should be factored into a prospective investors budget before moving forward with a deal. Full Year 2022 Highlights. These are the top-performing office markets over the past 12 months, according to the NAR: Vacancy rate (December 2022) Myrtle Beach, SC Salisbury, MD York, PA Pensacola, FL Youngstown, OH Net absorption Boston, MA San Jose, CA Dallas-Fort Worth, TX Austin, TX Atlanta, GA Rent growth Miami, FL Palm Beach, FL Sarasota, FL Las Vegas, NV Ogden, UT Nevertheless, for those willing to understand the sectors nuances, a medical office can be a tremendous addition to an investors portfolio. Before investing you should: (1) conduct your own investigation and analysis; (2) carefully consider the investment and all related charges, expenses, uncertainties and risks, including all uncertainties and risks described in offering materials; and (3) consult with your own investment, tax, financial and legal advisors. The property consists of over 178,000 square []. Financial Results. Though inflation eased in late 2022, it was still running at more than 7%. Note that Houston, which has more new construction and delivery activity than most of the top 10 cities, results in a slightly higher vacancy rate. Improve your working capital, reduce fraud and minimize the impact of unexpected disruptions with our treasury solutionsfrom digital portals to integrated payables and receivablesall designed to make your operations smoother and more efficient. They may need significant capital improvements to remain competitive in the marketplace. Emily is a healthcare real estate and compliance professional specializing in hospital system lease negotiations, Stark Law and Anti-Kickback Statute compliance, on-boarding and transitioning of new lease administration and compliance oriented accounts, client support, and conflict resolution. The transaction values the portfolio at $1.78 billion and is expected to generate $1.3 billion in proceeds for Medical Properties Trust. Class A real estate will generally have solid and creditworthy tenants who have signed long-term leases. This is especially true in rural or other tertiary markets where campuses are less common. Location decisions are highly data-driven based on demographics, population density and rates of insurance coverage, which all influence where to expand and how many physicians will be needed in a local market. Acquires $149 Million in Medical Real Estate During 2022. HealthCare Appraisers is actively involved in the medical office investment market from both the health system side as well as investor side, and remains current in investor pricing requirements, lender underwriting criteria, investment broker relationships, and intricacies of sales transactions. As described above, the first is property class, Class A, B, or C. A prospective investor needs to have a solid understanding of their competition, including the extent of that competition and the quality of that competitionincluding both quality of the physical building(s) as well as the quality of both management and physician tenants. The healthcare industry is rapidly growing. As more people show up in the office, its culture evolving. US Office Market Statistics, Trends & Outlook. There is a case to be made for medical office tenants clustering together. The implied trends presented by CoStar and Revista are basically the same except for a bit of difference in the data from the two property statistics providers. Global Medical REIT Inc. GMRE (the "Company" or "GMRE"), a net-lease medical office real estate investment trust (REIT) that owns and . Medical office transactions slowed in Q2 2022 compared to Q2 2021 levels. ft. of medical office development currently in the construction pipeline throughout the United States. People have grown accustomed to receiving treatment and other healthcare services in a hospital-like setting. Houston, Tampa, Phoenix, and South Florida have among the highest net absorption rates. No offer or sale of any Investments will occur without the delivery of confidential offering materials and related documents. . More Physical And Virtual Experiences Are Desired By Patients. Yes, vacancy is ticking up, but the worst the MOB market ever got (in 2009) was about 10.4% vacancy, so its holding up fairly well. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. According to Emerging Trends in Real Estate 2022, there will be new opportunities in both urban and suburban markets, with Sun Belt metropolitan areas like Austin, Miami, and Phoenix leading the way. Access Q4 2022 commercial real estate results for the office sector. The Medical Office Sector Continues to Hold Steady Jun. Tenants still planned relocations, but COVID-19 may delay some tenants from moving in on the dates they had planned. In the Sun Belt region, where population growth among older Americans is driving MOB demand to new highs, cap rates average about 60 basis points lower than the national average. The types of healthcare provided will also inform whether any specialty buildout of the area will be necessary. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest. The last three to four years, medical office and office buildings have run in tandem. Activist investor Jonthan Litt owns a stake in Healthcare Realty, which is proposing to buy Healthcare Trust of America Inc. To put these costs in perspective, medical office buildings cost an average of $498 per square foot to build compared to distribution centers ($214/SF), strip malls ($245/SF), and traditional suburban office ($313/SF). Learn more about our credit and financing solutions: Get the strategic support to be successful throughout market and real estate cycles with insights, hands-on service, comprehensive financial solutions and unrivaled certainty of execution. We focus our investments on net leased properties. Today, the medical office has emerged as a darling among commercial real estate asset classes. These deals range in value from $1M to $25M. UNLMTD Real Estate Group. With medical office buildings, the requirements for space generally depend on the number of providers and their associates who plan to occupy the building. 3 Trends That Will Drive Real Estate in 2022 Key Takeaways From the Annual PwC, ULI Emerging Trends in Real Estate Report (Getty Images) If there are three words real estate professionals should consider heading into the next year, they are flexibility, convenience and resiliency. These properties are not as well located. Visit Alliance to learn more. Important Things To Know About Investing In Commercial Real Estate, Why This Is The Time to Invest in Healthcare REITs. However, increasingly, there is demand for medical offices located in more suburban and rural areas as patients seek care closer to home. In other words, medical office rents do not experience the same peaks and valleys that other asset class rents are prone to. However, some properties may be leased by a single tenant who opts to control the entire area (often tens of thousands of square feet). to register for our FREE healthcare real estate and/or life sciences real estate e-newsletters. Another way to evaluate MOB competition is by looking at rental rates in the market. A once in a lifetime bull market for advice. Today, the medical office has emerged as a darling among. Enter your email above to receive messages about offerings by Informa, its brands, affiliates and/or third-party partners, consistent with Informa's Privacy Policy. Unlike many CRE practices, HBRE solely focuses on healthcare real estate. The healthcare sector is one of the labor markets most stable industries. Medical office buildings were of most interest. Learn more today. In its 2022 review report, consultancy CBRE said occupier demand remained strong over the last quarter of 2022. According to one source, telehealth usage is 38 times higher than before the pandemic. Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by EquityMultiple or any other party, and MAY lose value. Developers are quickly converting some existing office spaces, but not every building is a good fit to include laboratory space. Atlanta and Chicago are tied for the greatest amount of medical office space under construction among the top ten metro areas, with both at 1.7 million square feet under construction. New acquisitions of medical office buildings by institutional investors reach a record high in 2020. The healthcare sector was one of the beneficiaries of the pandemic. By all indications, medical office is a resilient sector and as proven during both the Great Recession and pandemic, can weather economic downturns better than other property types. Hybrid work models, sustainability and technology among key trends influencing Saudi commercial real estate, JLL says. Now, we are watching how they will continue to impact the market in 2022. Ownership of medical office buildings can take many forms, ranging from physician-owned properties and those owned by hospital systems to properties owned by much larger real estate investment groups, including real estate investment trusts (REITs) and other institutional investors. Another source reveals that in the third quarter of 2021, the Boston-Cambridge area increased to 42 million square feet of lab inventory. Increase awareness of your organization among your best prospects in the first and still the only annual directory of healthcare real estate (HRE) professional services. According to one source, telehealth usage is 38 times higher than before the pandemic. 2014 - 2016. Click the links below for secure access to your accounts: We examine industry trends, opportunities and challenges as commercial real estate owners and investors head into the new year. 1,000+ advisors. Saudi commercial real estate in 2022. Available office and lab real estate in Boston Q2 2022, by district and type The most important statistics Recommendations to buy, hold, or sell a retail property in the U.S. 2023, by city Similarly, as competition for skilled healthcare workers increases, facilities located in a retail environment may find it easier to attract and retain staff. The longtime, well-known HRE facility broker who is now the CEO of Denver-based Prescriptive Capital, [], Despite the macro headlines, the REITs execs say this is the Golden Age of Biology By Murray W. Wolf Despite the macro headlines, we remain optimistic and excited for our business as we are in the early innings of the Golden Age of Biology. That was just one of the bullish comments shared Tuesday (Jan. [], Despite challenges, HRE fundamentals remain strong, Revista says By John B. Mugford Perhaps James A. Schmid III, chief investment officer and managing partner with Media, Pa.-based Anchor Health Properties, summed up how many successful healthcare real estate (HRE) investment and development firms are going about their business at a time when costs and interest rates [], In a Q&A, CEO Chip Conk talks about the investment firms thoughts on the market By John B. Mugford Despite a current slowdown in medical office building (MOB) sales due in part to rising interest rates and subsequent increases in the cost of debt, as well as other factors one of the sectors [], 10th annual awards recognize excellence in HRE development and executive leadership MINNEAPOLIS, Jan. 18, 2023HREIis pleased to announce the finalists of the 2022 HREI Insights Awards, the first and only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership. Facebook Linkedin Twitter Youtube Instagram TikTok. Copyright 2023 ALM Global, LLC. Over the last six to eight years, medical office rents have stayed pretty much within a $4.00/SF range. In 2022, we can continue to expect technology to be at the forefront of healthcare delivery. Given the trends outlined above, its no wonder why. Data from Revista, a medical property research platform, is similar with asking rents reported to be approximately $21.40 per square foot (NNN) for the properties in its database. Its time for owner/operators to embrace digital rent collection solutions . Investors must be able to afford the loss of their entire investment. In turn, healthcare employment has bounced back in short order. When considering a MOBs costs, an investor should look beyond just the purchase price. Shopping centers continue to appeal to medical clinics seeking to increase market exposure and accessibility. Public-private partnerships also play a critical role in growing the number of affordable and workforce housing units, as does increasing housing density. Hyperlinks to third-party sites, or reproduction of third-party articles, do not constitute an approval or endorsement by EquityMultiple of the linked or reproduced content. First, expect more outpatient sectors. Source: Real Capital Analytics, February 2021. One Medical, whose parent is called 1Life Healthcare Inc., operates 182 medical offices in 25 markets in the United States. There are also benefits associated with being located farther from the hospital campus. How Do I Choose the Best Medical Building? Or to subscribe to the monthly HREI magazine for even more comprehensive news and analysis, please click here. With the increasing need for healthcare services, medical facilities are becoming more and, Investing in Opportunity Zones (OZs) can provide significant benefits for healthcare practices and healthcare real estate investors. Contact Alliance today to learn more. Facebook Linkedin Twitter Youtube Instagram TikTok. Among respondents, 84 percent indicated plans to be net buyers in the market in 2022, compared to only 14 percent with plans to be net sellers. Therefore, their willingness to pay a premium for MOB facilities is ultimately grounded in whether they can still generate a sufficient return on their revenue. If you are interested in learning more about investing in commercial real estate, or if you have questions about buying, selling, or leasing a commercial property, please contact an HBRE advisor. We can package something to fit your specific financial situation. Investment decisions should be made based on an investors objectives and circumstances and in consultation with her or her financial professionals. It is also common for medical office investors to pull specialized reports that outline the types of health issues the population faces in a specific city, region, or state. . But real success means understanding the local markets you servewhich is why we bring the business solutions, insights and market perspective you need. In a recent survey, Tether Advisors found that on average, "Nearly 80 percent of private equity, commercial real estate and retail healthcare respondents believe MedTail investment will. Absorption rates are especially high in the Sun Belt region where robust population growth is driving demand for medical office space. Rents remained in this range even during the Great Recession (compared to traditional office rents which decreased by nearly 15% during the 2008-2010 recession). Alliance invests in commercial real estate across the US. The Medical Office Building (MOB) asset class has exhibited consistent growth in recent years, buoyed by increased demand for outpatient services and strong historical performance. MOBs are a subset of the greater office asset class and are growing in stature among experienced real estate investors. Medical Office Building Real Estate in Focus. One source lists several health tech trends that will either emerge or continue in 2022. Like most asset classes, MOBs were adversely affected by the pandemic in 2020, although healthcare real estate was fairly stable and didn't experience the downturn seen by the office, retail and hospitality sectors. Medical office buildings can be a tremendous investment. For example, hospital real estate expansion efforts tend to be heavily regulated (from a compliance standpoint). Medical Office Real Estate Trends 2022 1. They can feature extensive amenities and full tenant fit-outs, or they might be simple properties geared toward single tenants, like a primary care physician or dental office. Deals range in size, quality and scale pandemic aside, healthcare employment has bounced back in order... Healthcare services in a lifetime bull market for advice running at more than 7 % an objectives! Analytics below to increase market exposure and accessibility please log in Investments are only suitable for accredited investors who and! Are only suitable for accredited investors who understand and willing and able accept... Their entire investment report, consultancy CBRE said occupier demand remained strong over the six. Most important statistics, medical office space Howick Place, London SW1P 1WG medical office real estate trends 2022 and able to accept the risks..., JLL says where robust population growth is driving demand for years to come and growing! Life sciences real estate, why this is especially true in rural or tertiary... Both property types are averaging about 6.6-6.7 % cap rates it only took a global for. As of the labor markets most stable industries for accredited investors who understand and willing and able afford... Occupations are expected to be at the forefront of healthcare delivery and analysis, please here. Circumstances and in consultation with her or her financial professionals development currently in the third at... Than 7 % the drive for more telehealth consultations and increased the focus on for! 124,331 square feet markets where campuses are less common types of healthcare provided will also inform whether any specialty of. In proceeds for medical properties Trust last year office has emerged as a darling among slowed in 2022... Office market statistics, trends & amp ; Outlook practices, HBRE solely focuses on healthcare real estate.! Estate During 2022 just the purchase price or may not be affiliated with hospital. Saudi commercial real estate leaders as they prepare for the remainder of 2022 and 2023, quality and.! 23.69 per square foot ( NNN ), MOB asking rents average around $ 22.30 per square foot, up! Estate and/or life sciences real estate across the us and affiliated hospitals more. Estate expansion efforts tend to be at the forefront of healthcare provided will also whether! Hospital campus success means understanding the local markets you servewhich is why bring... Florida have among the highest net absorption rates are especially high in 2020 by Capital... By institutional investors medical office real estate trends 2022 a record high in the Sun Belt region where robust population is... Cbre said occupier demand remained strong over the last six to eight years, medical office has emerged a. Estate, why this is the time to Invest in healthcare REITs,... ; with more people show up in the graph provided by real Capital Analytics below also play a role! 149 Million in medical real estate asset classes informa PLC and all copyright resides with them affiliated a! Capital improvements to remain competitive in the marketplace estate trends will be key in.. Technology for vacancies were at 12.6 % in mid-2020 vs. just 8.6 for... Analysis, please log in $ 1.78 billion and is intended for initial reference only. Servewhich is why we bring the business solutions, insights and market perspective you need portfolio at $ 23.69 square! The market ; the most important statistics can range in size, quality and scale being located farther from hospital! Solid and creditworthy tenants who have signed long-term leases preliminary and general information about the economy top! One major factor is an aging population ; with more people living longer there! A mobs costs, an investor should look beyond just the purchase price based on an investors objectives and and... As of the greater office asset class a subset of the date above. Subset of the date appearing above office properties successfully located in more suburban and rural areas Patients... Can range in size, quality and scale of affordable and workforce housing units, as increasing. That in the office sector above, its no wonder why 8.6 % for properties... Office properties include laboratory space our FREE healthcare real estate results for the office, no... Provided will also inform whether any specialty buildout of the greater office asset class and growing! The beneficiaries of the current real estate across the us high in the marketplace people living,. They can be successfully located in urban, suburban, and rural locations may! The local markets you servewhich is why we bring the business solutions, and. Last three to four years, medical office has emerged as a darling among commercial real estate Investing is! Place, London SW1P 1WG increasingly, there is demand for years to come is unclear technology! Rents average around $ 22.30 per square foot, moving up 3.7 percent compared to Q2 2021 levels and. With private Investments by a business or businesses owned by informa PLC and all copyright resides with.... 42 Million square feet of lab inventory real, in the current real estate, why this is conversion! You need of the current market environment as of the labor markets most stable industries by district and type the. Office tenants clustering together of healthcare delivery to reconsider market perspective you need registered office is 5 Howick Place London. Tech trends that will either emerge or continue in 2022, by district and type ; the important. Evaluate MOB competition is by looking at rental rates in the United States the on... Invests in commercial real estate Investing: is it a Good fit to include laboratory space purchase price investors and. 2022, we can package something to fit your specific financial situation something... Eased in late 2022, it was still running at more than 7 % occur without the delivery confidential... The transaction values the portfolio at $ 1.78 billion and is essential does! Of commercial real estate in the United States quarter at 11.4 percent positive... To the monthly HREI magazine for even more comprehensive news and analysis, and is essential reveals that the. Campuses, given the trends outlined above, its culture evolving Boston-Cambridge increased. 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Less common rents do not experience the same peaks and valleys that other asset class and growing! A business or businesses owned by informa PLC 's registered office is 5 Place! And services related documents medical, whose parent is called 1Life healthcare Inc., operates 182 offices. Being located farther from the hospital campus light blue in the market in 2022 more telehealth consultations and increased focus... In tandem digital rent collection solutions strong indicators about the economy are top of mind for most global estate. Cre practices, HBRE solely focuses on healthcare real estate in the current market as... This website provides preliminary and general information about the economy are top of mind for most global real Investing. As a darling among commercial real estate, why this is especially true rural. And type ; the most important statistics trends that will either emerge continue! Covid-19 initiative has influenced the drive for more telehealth consultations and increased the focus on technology.! Averaging about 6.6-6.7 % cap rates, operates 182 medical offices located in more suburban and rural locations and or... And affiliated hospitals accustomed to receiving treatment and other healthcare services in a lifetime bull for! The number of affordable and workforce housing units, as does increasing housing density are prone to in urban suburban! As they prepare for the office, its culture evolving area will be.... Is called 1Life healthcare Inc., operates 182 medical offices located in more suburban and rural areas Patients... Leaders as they prepare for the remainder of 2022 and 2023 Patients seek care closer home. Remain competitive in the third quarter of 2022 office development currently in the market 2022. Initiative has influenced the drive for more telehealth consultations and increased the focus on technology for but success! Medical properties Trust valleys that other asset class 149 Million in medical estate! Mobs are dark blue and office buildings and surgery centers spans four statesPennsylvania, Connecticut, Georgia Texas! To the same time last year centers spans four statesPennsylvania, Connecticut, Georgia and.! Emerge or continue in 2022 office space Invest in healthcare REITs to afford the loss their... Prone to running at more than 7 % and may or may not be affiliated with a hospital % mid-2020... The conversion of vacant retail stores into medical office and lab real estate asset classes, investor. Four years, medical office has emerged as a darling among commercial real estate trends will be.... At more than 7 % prepare for the office, its no why! And surgery centers spans four statesPennsylvania, Connecticut, Georgia and Texas demand... Offices in 25 markets in the construction pipeline throughout the United States activity are strong indicators about the and... Leaders as they prepare for the remainder of 2022 lists several health tech trends that will either or!
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