Press

RendinaHRE  BUILDING DESIGN CONSTRUCTION Article Header  Website

Medical Offices are Filling Space Vacated by Retail

Healthcare developers and providers like the locations, traffic, and parking these spaces offer.

Within the $400 billion global market for healthcare construction, two-fifths of all new retail transactions are for medical offices, compared to 2% a decade ago, according to recent AIA estimates.

As more developers, landowners, and retail strip owners look for ways to bring a medical facility to their properties, “nontraditional retail spaces for healthcare services are expected to continue to rise in popularity,” predicts JLL in its 2019 research report “Retail and the New Healthcare Consumer.”

CLICK HERE FOR THE FULL ARTICLE

Steve Barry

President of Rendina Healthcare Real Estate

Healthcare is seeking out locations that are convenient and accessible to their patients. Retail often has great visibility, great access to traffic count, and plenty of parking.