Medical Office Sector Market Update
Rob Gasca • October 13, 2021
Despite the threat of telehealth services, the need for the medical offices is still in demand and especially in regions with a population of 65 or over, as they need more care and attention.
The medical office sector has bounced back better than most industries during the pandemic with employment coming back and the businesses able to survive the past 18 months. Despite the threat of telehealth services, the need for the medical offices is still in demand and especially in regions with a population of 65 or over, as they need more care and attention.
The need for medical offices will continue to grow and increase in value. It is a great time to invest in medical offices as stable returns are likely due to the resiliency of the industry and the demand in the older aged markets. Since practically no new offices are being constructed, it will most likely drive the cost up for leases and sales.
Our Team has the latest technology available to locate your strongest potential site or space combined with lease negotiation and build out / tenant improvement consultation. Please contact me to discuss your needs.
Read more at https://www.costar.com/article/1389064828/vital-signs-remain-strong-for-medical-office-sector
Source: CoStar Group
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