Big Changes Bring Big Activity to Healthcare Market

Written by: Dan Rafter | RE

When Bob Titzer looks at the healthcare real estate market in Chicago and across the Midwest, he sees plenty of activity. Hospitals are building new medical office buildings in urban areas and suburbs. Developers are expanding existing hospitals. And medical groups are opening ever more free-standing clinics and emergency rooms.

But what is behind all this activity?

Titzer, executive vice president of HSA PrimeCare, points to one factor: change.

“The medical office building market is strong and it is active,” he said. “And the underlying reason for that? There has been a lot of change in the healthcare industry. These changes in the industry, the growth of healthcare in general, has made this an extremely active market today.”

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2019 Healthcare Real Estate Outlook