Healthcare Real Estate

Healthcare Real Estate
Select Healthcare Real Estate Content from The Tenant Advisor

The Nuances of Leasing Medical Office Space

Medical office space users and physician practices don’t typically relocate to new buildings as often as general office tenants. However, the competition for new patients is increasingly steering physician practices to non-hospital campus properties as they seek more conveniently accessible locations for their patient base. This trend is evident in the increased development of smaller suburban medical office projects and urgent care clinics you see in any significant metropolitan community… read the full article

The Increasing Importance of Real Estate in Healthcare

Healthcare providers are dealing with a myriad of challenges in the face of softening admissions, changing consumer expectations about healthcare, tight operating margins, shrinking budgets and shifting policies. While facing these challenges many health systems are looking to expand their access points to capture more patients and drive referrals. This translates into a more distributed real estate footprint with a goal to bring convenient access closer to patients driven by advancements in technology… read the full article

The Rise of Urgent Care

Consumer demands for more convenient healthcare is driving a shift in the real estate strategies of health care providers. This includes moving to what is perceived as more convenient locations, which are increasingly in retail settings. Urgent care clinics are a response to the shift from inpatient to outpatient care and are a low-cost alternative to hospital emergency rooms, where escalating overhead costs and long wait times are the norm. The Urgent Care Centers industry represents one of the fastest… read the full article

Leasing Retail Space for Medical Use

Retail is undergoing a major shift as retailers increasingly vacate traditional brick and mortar locations in the era of e-commerce. As a result is has created opportunities for healthcare providers to secure space in highly visible shopping centers and retail buildings. Consumer demands are driving a shift in the mindset and strategies of health care providers. This includes moving to more convenient locations, which are often in retail settings. As the disciplines of healthcare property selection and retail real estate… read the full article

Medical Office Has Never Been This Hot

MOB 1 & 2 Houston Methodist Hospital West HoustonThe healthcare sector is increasingly on the radar of institutional real estate investors as the amount of capital pouring into the medical office building sector is robust. The interest in medical office investment has steadily increased in recent years and appears to be intensifying based on the number of large medical office building portfolio sales announced so far in 2017.The Wall Street Journal reported yesterday that CBRE Global Investors has purchased a 95% stake in a portfolio of 25 medical office buildings… read the full article

Retail Dimensions of Healthcare Part 1

The world of retail today is all about adapting to the rapidly evolving needs of consumers. Now, other industries are beginning to adopt the retail mindset — both in terms of developing a responsive, customer-centric approach and a retail-centered location strategy. Health care is one of the primary frontiers for this kind of “retailization.”.In partnership with Colliers International National Director, Retail Services | USA Anjee Solanki, we have created the first installment of a two-part Retail Dimensions of Health Care… read the full article

Retail in the Healthcare Setting

In our two-part Retail Dimensions of Health Care Report, we explore the ways health care facilities are approaching location in retail and community settings, as well as the ways retailers are leasing space in hospitals and other medical properties. In Part I, we examine the factors driving the increased presence of health care in retail properties from three perspectives: those of the consumers, providers and landlords. The recently released Part II looks at the location of retail facilities in medical settings, with a focus … read the full article

Are There Too Many Free-Standing ER’s in Texas?

In October of 2015, I posted an article titled, “Texas is the Epicenter of the Free-Standing Emergency Department Phenomenon.” The premise of the article was to discuss the proliferation of free-standing emergency facilities in Texas. There are an estimated 400-500 free-standing emergency facilities (FEC’s) in the United States and over 200 are located in Texas. In Texas, free-standing emergency centers are clustered around major metropolitan areas such as Houston, Dallas-Fort Worth, San Antonio… read the full article

Houston Healthcare Market Report

Houston Methodist The Woodlands HospitalWhen writing about the healthcare-property market in the greater Houston area, the first thing we must acknowledge is that Houston is home to the Texas Medical Center (“TMC”), the world’s largest medical center and the eighth largest business district in the U.S. With that comes 50 million developed square feet in the TMC alone, plus additional hospitals and outpatient centers spread throughout the far-reaching suburbs that cater to nearly seven million people (as of last year). Currently the TMC is reporting… read the full article

$7.7 Billion in Outpatient Healthcare Development Completed in 2016

Healthcare Real EstateA total of 35.7 million square feet of medical office buildings (MOBs) and other outpatient projects were started or completed last year, according to a newly released survey from Revista in collaboration with Healthcare Real Estate Insights. In the first independently verified research project to look exclusively at outpatient medical real estate development, the survey reveals projects totaling nearly $7.7 billion in construction value and 19.4 million square feet were completed in 2016. Another 17.3 million square feet… read the full article

Health Systems Drive Leasing Activity as Physicians Move to Hospital Employment

There are many trends in the healthcare real estate industry; one of the more significant ones is the growing number of U.S. physicians that are leaving private practice for hospital employment. Recent changes in healthcare due to the Patient Protection and Affordable Care Act (ACA) has forced many independent physicians to opt for hospital employment due to the financial pressures of running a private practice. The number of independent physicians has declined over the last several years, from 57%… read the full article

Hospital System Real Estate Strategies for Primary Care

Population Health Management and the transition of healthcare delivery is driving new corporate real estate strategies as Health Systems are increasingly building or leasing new outpatient facilities for treating patients outside the hospital campus setting, often in suburban markets away from the main hospital campus. Many Health Systems are expanding their services as well as evaluating mergers and acquisitions in an effort to increase or protect market share and are increasingly transitioning into the employed… read the full article

Big Data and Healthcare Site Selection

Today, healthcare providers face a variety of uncertainties due to expanding regulations, shifting demographics and increased competition. In part one of this series we looked at some of the real estate challenges health systems face in delivering primary care and outpatient healthcare services to the markets they serve. Historically, primary care physicians have been mostly community located for patient convenience and while hospital campus-based medical office building will continue to house… read the full article

Healthcare Goes Suburban Retail

The retail health clinic and urgent care center market is growing rapidly as consumers prefer to have their physician, urgent care and ambulatory healthcare services closer to where they live. While medical office buildings on or near hospital campuses are still very much in demand, urgent care clinics and freestanding EDs are quickly popping up in fast-growing suburban areas located in shopping centers or freestanding pad sites. More consumers are using retail clinics and urgent care centers… read the full article