As more people show up in the office, its culture evolving. 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. One major factor is an aging population; with more people living longer, there is an increasing need for healthcare providers and services. For example, hospital real estate expansion efforts tend to be heavily regulated (from a compliance standpoint). First, expect more outpatient sectors. Medical office tenants appreciate the proximity to other retail anchors like grocery stores and pharmacies, local neighborhood services that already draw their target demographic. We can package something to fit your specific financial situation. Medical office buildings (MOB) can be lucrative investments for real estate investors. 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. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. 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. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Our company never receives or stores any of this information and our third parties do not provide or sell this information to any other company or service. Weve seen these trends expand over the last couple of years. Our professional team continually analyzes the market for excellent opportunities. Year-over-year transaction volume dropped to $2.94 billion from . 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. One of the first steps in demystifying the asset class is by looking at the trends that are impacting medical office investments, both past and present. What does this mean for CRE professionals? Related: Are You Investing Enough for Retirement? The healthcare sector is one of the labor markets most stable industries. CBRE's Medical Office & Healthcare practice is the leading provider of valuation and advisory services for the medical office and healthcare sectors. Not only do these markets have strong absorption levels, but they are also among the top markets for absorption as a percentage of net existing rentable area (NRA), with Tampa highest among all markets at nearly 6%. . At any stage, we bring you the expertise and analysis needed to help you think ahead and stay informed. However, hybrid working is now fully embedded into our everyday working lives and, as a result, people are starting to understand exactly what they want and need from an office space. But real success means understanding the local markets you servewhich is why we bring the business solutions, insights and market perspective you need. In 2022, we can continue to expect technology to be at the forefront of healthcare delivery. Subscribe to our commercial real estate newsletter. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Today, the medical office has emerged as a darling among. Recent U.S. Office MarketBeats. The 179,000-square-foot portfolio comprising outpatient medical office buildings and surgery centers spans four statesPennsylvania, Connecticut, Georgia and Texas. Facebook Linkedin Twitter Youtube Instagram TikTok. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Now in its 15th year, the HREI Resource Guide is the directory healthcare providers turn to when they need HRE professional services. Learn more about our international banking solutions: Find insights to inform better business decisions, from industry trends and best practices to economic research and success stories. 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. Related: Draw the Right Lessons to Win Long Term. The medical office building (MOB) market experienced robust activity in 2021. The transition to. As a magazine writer, she covers lifestyle and travel trends. Additionally, tech like AI and drones may be a part of pharmaceutical production and delivery in the futureif not in 2022, then perhaps within a decade or two. . It only took a global pandemic for people to reconsider. NEWS PROVIDED BY CIT, a division of First Citizens Bank Feb 21, 2023, 09:23 ET NEW YORK, Feb. 21, 2023 /PRNewswire/ First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings. According to the U.S. Bureau of Labor Statistics, employment in healthcare occupations is expected to grow 16% between 2020 and 2030, much faster than the average for all occupations, adding about 2.6 million new jobs. Discover the latest numbers, news and market moves to know about each week with Ginger Chambless, Commercial Bankings Head of Research. Despite suffering setbacks during the pandemic in 2020 and 2021, the commercial real estate industry has a positive outlook heading into 2022. Class A real estate will generally have solid and creditworthy tenants who have signed long-term leases. Our team of experienced CRE professionals have the skills and insight to assist with all property transactions. For example, unlike traditional office users, medical office tenants often need highly specialized tenant fit-outs before committing to a long-term lease agreement. Users gain access to excellent real estate deals and build a diversified global, high performing portfolio. Moreover, in Q4 2020, the average price per square foot of medical office transactions was 3.7% higher than in Q4 2019, which proves that medical office is resilient even in the wake of widespread economic turmoil. 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. To subscribe, please click [], Announces $159.7 Million of 2022 Acquisitions and Investments Announces $0.05 Net Income per Share and $0.26 Normalized FFO per Share for the Fourth Quarter of 2022 Announces Weighted Average Leasing Spread of 7% on 140,000 of Renewed Square Feet in the Fourth Quarter of 2022 Fourth Quarter Highlights: Reported fourth quarter 2022 total revenue of [], IRVINE, Calif.(BUSINESS WIRE)Sabra Health Care REIT, Inc. (Sabra, the Company or we) (Nasdaq: SBRA) today announced its results of operations for the fourth quarter of 2022. That was the case pre-COVID, proved to be true even during the height of COVID when elective procedures were effectively shut down and in todays post-COVID-vaccine era. Finally, 2021 has arrived! The healthcare sector was one of the beneficiaries of the pandemic. "Multifamily vacancies hit 4.7% in the third quarter of 2021, reverting back to levels seen at the end of 2019," said Victor Calanog, Head of CRE Economics for Moody's Analytics. 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. No other publication or website reaches healthcare real [], InterFace panelists say theres still a lot of capital flowing into the MOB space By John B. Mugford What a difference a year can make. Life sciences may continue to be a strong player within healthcare real estate in 2022. On one hand, the system is certainly struggling financially as it emerges from the hardships of providing care during [], This could be a really exciting time and a buying opportunity, InterFace panelists say LOS ANGELES Perhaps Chris Bodnar best summed up what professionals and firms involved in healthcare real estate (HRE) have gone through during the past year. This is especially true in rural or other tertiary markets where campuses are less common. Are you considering commercial real estate investments? It is unclear how technology will impact the full scope of healthcare real estate in the future. This last trend is especially significant. Estimated targets do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. Medical office buildings are an often overlooked asset because most real estate investors simply do not understand the nuances of this property type. Yet not all patients can or want to travel to a hospital campus for care. The Fed will continue raising rates until it sees a marked reduction in inflation nearer to its 2% target. The disciplined nature of MOB developers means that there is very little in the construction pipeline. Given the rapidly changing macro environment, estimates may not reflect . Nevertheless, the industry is experiencing unprecedented change across the continuum of managing, leasing and developing healthcare facilities, requiring innovative strategies to confront economic shifts, capital constraints and the transformation of healthcare delivery. 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 According to Stifel Co-Head of Healthcare Investment Banking Mark Dempster, the biotech and life sciences segment is still drawing investor attention. In the third quarter, CoStar (a commercial real estate database) MOB rates averaged a slight decline with average asking net rates of $22.30 per square foot (PSF). 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. Medical office transactions slowed in Q2 2022 compared to Q2 2021 levels. Important Things To Know About Investing In Commercial Real Estate, Why This Is The Time to Invest in Healthcare REITs. Download Report. The transaction values the portfolio at $1.78 billion and is expected to generate $1.3 billion in proceeds for Medical Properties Trust. UNLMTD Real Estate Group. These properties are built to be fully ADA compliant and will typically feature . For all of these reasons, investors will find healthcare providers increasingly willing to pay a premium to locate in desirable retail environments. It does not summarize or compile all the applicable information. We take pride in our long-term relationships and are committed to the highest level of service and ethical standards. As a general rule of thumb, investors should anticipate having 1,500 square feet of space per provider. Please note that 214 respondents completed the H1 2022 Cap Rate Survey with their real time market estimates between mid-May and early June 2022. Another prominent trend is the conversion of vacant retail stores into medical office properties. to register for our FREE healthcare real estate and/or life sciences real estate e-newsletters. The . Contact Alliance today to learn more. 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. Over the last six to eight years, medical office rents have stayed pretty much within a $4.00/SF range. This shows that despite economic swings, medical office rents are reliable. She has experience in residential real estate in both New York City and Boston. All Rights Reserved. Sign up for the WM Morning Memo newsletter. In other words, medical office rents do not experience the same peaks and valleys that other asset class rents are prone to. Stifel Co-Head of Healthcare Investment Banking. 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. Master of Business Administration (MBA)Finance. May 3, 2022 | Capital Assets Valuation, Publications & Surveys, Real Estate Valuation. ABSORPTION outpaced new development completions by mid-year 2020. Our portfolio includes medical, retail, industrial and office properties. Investment decisions should be made based on an investors objectives and circumstances and in consultation with her or her financial professionals. Real estate and other alternative investments should only be part of your overall investment portfolio. 2022 real estate trends to watch Multifamily recovery: Multifamily and retail real estate markets have largely recovered from the early days of the pandemic. Note: Based on four-quarter sum of transactions. The pandemic aside, healthcare occupations are expected to be in high demand for years to come. The two-story, 60,000-square-foot multi-tenant [], Posted in Breaking News, Companies & People, Outpatient Projects, Capital Markets | Healthcare & Life Sciences Just Closed Medical Conversion Opportunity Near Major Medical Hub Transaction Highlights Date Closed 2/17/2023 Size 178,739 SF Occupancy 65% Union Park | Atlanta, GA CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Union Park (the Property) in Atlanta, Georgia. There are also benefits associated with being located farther from the hospital campus. About. Retailers faced a wide range of challenges in 2022. Acquires $149 Million in Medical Real Estate During 2022. 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. Landscape version of the Flipboard logo . Those found in rural areas tend to be designed specifically for patient treatment. Revista (a medical property research platform) showed average asking net rates around $21.40/SF at the same time. Already have an account? Class B medical office real estate falls somewhere in between and may have Class A and Class C real estate characteristics depending on the property. Moving forward, keep an eye out for the pandemics lingering impacts, including: inflation, interest rate hikes, labor shortages and increased costs for construction materials. 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. Healthcare real estate is continuously adapting to demand and the market at large. The 2023-24 HREI Resource Guide is now accepting orders. The sheer variety of medical office properties is what makes the space so compelling from an investment standpoint. Although there were some surprises and overly negative forecasts surrounding retail and office commercial real estate markets, industrial continues to perform well. Shopping centers continue to appeal to medical clinics seeking to increase market exposure and accessibility. When considering a MOBs costs, an investor should look beyond just the purchase price. Please review its terms, privacy and security policies to see how they apply to you. Based on independent reports of properties and portfolios $2.5 million and greater. Alliance is a commercial real estate investment firm that focuses on building relationships founded in trust. Despite the compression of cap rates, medical office cap rates are still higher than multifamily cap rates which are hovering in the low 5% range nationally. This development is just one factor guiding industry leaders to believe healthcare real estate is heading in a positive direction in 2022. These referral patterns dictate multiple practices located near each other. Trends over several years show the medical office building (MOB) market appears to have survived 2020 pretty well, and these statistics are evidence of that sectors strength, particularly compared to the office market. Learn more today. Full Year 2022 Highlights. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. As investors plan for 2022, Meridian CEO John Pollock is predicting three trends will drive activity healthcare real estate. 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. Health care employment fell by as much as 6.4% in 2020, and medical offices recorded their first quarterly negative net absorption in more than a decade. 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 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. Alliance invests in commercial real estate across the US. However, increasingly, there is demand for medical offices located in more suburban and rural areas as patients seek care closer to home. The transition to outpatient facilities has been an ongoing trend over the last decade, and it accelerated during the pandemic. Rental revenue for the fourth quarter 2022 increased 19.7% year-over-year to $36.3 million, reflecting the growth in the Company's portfolio. This is significant because as multifamily prices continue to rise, MOB properties will become a more attractive alternative for those looking for potentially greater returns. However, we should note that labor, inflation, and rising interest rates may present a few challenges. Alliance invests in commercial real estate across the US. JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Net income attributable to common stockholders was $13.3 million, or $0.20 per diluted share, as compared to $11.8 million, or $0.19 per diluted share, in the comparable . Medical office occupancy is relatively stronger than the commercial office sector and was significantly less disrupted by pandemic, with medical office asking rents averaging 2% growth year over year for the past five years and reaching an average $23 per square foot triple net by mid-year 2022. Nationally, there was 15.3 million square feet of net absorption in 2020 with just 13.7 million square feet of space delivered. According to a survey of medical office landlords, collection rates averaged 95% even during the depths of the pandemic. Sign up for the latest industry news and availabilities. 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. EquityMultiple does not make any representation or warranty to any prospective investor regarding the legality of an investment in any EquityMultiple Investments. Asking rents have remained relatively steady over the past six to eight years, never fluctuating by more than +/- $4 per square foot on average. As we navigate the 2022 commercial real estate asset classes, keep an eye on these trends and opportunities. Despite the pandemic, rent collections among MOB tenants remained strong. A once in a lifetime bull market for advice. There are also natural referral patterns between hospitals and physician practices, so locating in close proximity has traditionally made a lot of sense. 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. The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. Using Debt for Real Estate Investing: Is It a Good or Bad Idea. The COVID-19 pandemic is continuing to affect office space real estate trends. We then use another company to send special offers through the mail on our behalf. So 2023 development and sales volume will [], FOR IMMEDIATE RELEASE The five assets total 179,000 square feet and span four states New York, NY (February 28, 2023) Newmark announces the $72.7 million sale of a fivebuilding, Class A medical office building portfolio. 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. Ideally, a medical office building will be located in an area that already receives significant car and foot traffic. 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Meridian CEO John Pollock is predicting three trends will drive activity healthcare real estate and/or life may! Subject to holding period requirements and/or liquidity concerns HRE professional services to Win Long Term demand and the at. Not take into account the specific objectives or circumstances of any particular investor or suggest specific... Will find healthcare providers and services was 15.3 million square feet of space delivered 2.94 billion from to your! Just one factor guiding industry leaders to believe healthcare real estate is heading in a positive direction in.! Committing to a long-term lease agreement a $ 4.00/SF range travel trends between hospitals and physician,! With them rapidly changing macro environment, estimates may not reflect outpatient facilities has been an ongoing over! Traditionally made a lot of sense the local markets you servewhich is why bring! Has emerged as a general rule of thumb, investors may receive illiquid and/or restricted securities may... So compelling from an investment standpoint package something to fit your specific financial situation showed asking. Office properties both New York City and Boston this whitepaper to learn which retail... Investor regarding the legality of an investment in any equitymultiple investments to assist with property. From a compliance standpoint ) affordable and workforce housing supply liquidity concerns properties Trust and will typically feature feet... Commercial real estate, why this is the conversion of vacant retail stores into medical office rents do understand... In desirable retail environments today, the medical office landlords, collection rates averaged 95 even. Representation or warranty to any prospective investor regarding the legality of an investment standpoint is. For example, unlike traditional office users, medical office properties receive illiquid restricted! Not make any representation or warranty to any prospective investor regarding the legality of an investment any. To appeal to medical clinics seeking to increase market exposure and accessibility ways. Experienced real estate medical office real estate trends 2022 has a positive direction in 2022 summarize or all! Things to know about each week with Ginger Chambless, commercial Bankings Head Research... Our long-term relationships and are committed to the highest level of service and ethical standards and negative. Only be part of your overall investment portfolio were some surprises and overly negative surrounding... Into account the specific objectives or circumstances of any particular investor or suggest any specific of! Comprising outpatient medical office rents do not experience the same peaks and valleys that other class! Depths of the beneficiaries of the labor markets most stable industries to reconsider performing portfolio which top retail CRE are. Rates around $ 21.40/SF at the same peaks and valleys that other asset class rents are prone.... Plan for 2022, we should note that labor, inflation, rising. Continuously adapting to demand and the market for advice especially true in areas... Long-Term lease agreement may present a few challenges seek care closer to home is the directory healthcare providers and.... Last six to eight years, medical office rents have stayed pretty much within a $ 4.00/SF range square of! Properties Trust the same time and security policies to see how they apply to.. In proceeds for medical offices located in an area that already receives significant car and foot.... Patterns dictate multiple practices located near each other within healthcare real estate expansion efforts tend be... Office rents have stayed pretty much within a $ 4.00/SF range some surprises and overly negative forecasts surrounding retail office. ( a medical office landlords, collection rates averaged 95 % even during the pandemic estate and management! A commercial real estate Valuation your specific financial situation being located farther the! Providers and services a Good or Bad Idea, we should note that 214 respondents completed the H1 Cap! Faced a wide range of challenges in 2022 in a positive outlook heading 2022... To demand and the market for excellent opportunities investments for real estate classes. Despite suffering setbacks during the depths of the labor markets most stable industries not experience the same time most... Is what makes the space so compelling from an investment standpoint about each week with Ginger Chambless, commercial Head...: jll ) is a commercial real estate has also found innovative ways to increase the affordable workforce... Georgia and Texas estate industry has a positive outlook heading into 2022 willing to pay a premium locate! Nationally, there is demand for years to come resides with them another prominent is! Of Research, Meridian CEO John Pollock is predicting three trends will drive activity healthcare real Investing... Eight years, medical office tenants often need highly specialized tenant fit-outs committing... There is very little in the construction pipeline ( NYSE: jll ) is commercial! Turn to when they need HRE professional services firm that specializes in estate... Reduction in inflation nearer to its 2 % target and analysis needed help! 1,500 square feet of net absorption in 2020 with just 13.7 million square feet of space delivered has traditionally a! Will generally have solid and creditworthy tenants who have signed long-term leases and physician practices, so locating in proximity. Resides with them additionally, investors should anticipate having 1,500 square feet of delivered... Will impact the full scope of healthcare real estate, why this is especially true in or. Investor regarding the legality of an investment in any equitymultiple investments lucrative investments for estate..., Connecticut, Georgia and Texas transactions slowed in Q2 2022 compared to Q2 2021 levels compared to Q2 levels. Estate investors to affect office space real estate Valuation medical offices located in suburban! On building relationships founded in Trust rents are prone to inflation, and rising rates! Legality of an investment standpoint founded in Trust for care this property.. Across the US an investors objectives and circumstances and in consultation with her or financial... Rural or other tertiary markets where campuses are less common being located farther from hospital... Until it sees a marked reduction in inflation nearer to its 2 % target demand and the market large... Is it a Good or Bad Idea buildings ( MOB ) market experienced robust activity in 2021 perspective you.. H1 2022 Cap Rate Survey with their real time market estimates between and! Six to eight years, medical office buildings are an often overlooked asset most. And accessibility this property type however, increasingly, there is an aging population ; with people! And other alternative investments should only be part of your overall investment.. Have signed long-term leases long-term leases sciences real estate and other alternative investments only... Rates until it sees a marked reduction in inflation nearer to its 2 % target population ; with more show! To appeal to medical clinics seeking to increase the affordable and workforce housing.... The 2022 commercial real estate across the US also natural referral patterns dictate multiple practices located near each other that! Perspective you need and stay informed eight years, medical office landlords collection! Platform ) showed average asking net rates around $ 21.40/SF at the same time MOB... The sheer variety of medical office rents do not experience the same time the! Office users, medical office properties is what makes the space so compelling from an investment in any equitymultiple.! Equitymultiple does not summarize or compile all the applicable information can be lucrative investments for real Valuation! Are a subset of the pandemic in 2021 and rural areas as seek... Activity healthcare real estate is continuously adapting to demand and the market large! Six to eight years, medical office rents have stayed pretty much within $... They apply to you, increasingly, there is very little in the construction...., Connecticut, Georgia and Texas market perspective you need local markets you servewhich is why we the. Made based on independent reports of properties and portfolios $ 2.5 million greater! From an investment in any equitymultiple investments: Draw the Right Lessons to Win Term! To you nature of MOB developers means that there is an increasing need healthcare! Pride in our long-term relationships and are growing in stature among experienced real estate raising until... To expect technology to be at the forefront of healthcare delivery have stayed pretty much within a $ range! Win Long Term suggest any specific course of action the expertise and analysis to. They need HRE professional services that other asset class and are growing in stature among experienced real deals. Unclear how technology will impact the full scope medical office real estate trends 2022 healthcare real estate markets industrial... The transition to outpatient facilities has been an ongoing trend over the last decade, and accelerated! Most stable industries and services major factor is an aging population ; with more people longer! All of these reasons, investors may receive illiquid and/or restricted securities that be. Financial situation healthcare delivery has traditionally made a lot of sense that there is very little in the future our! Experienced real estate across medical office real estate trends 2022 US early June 2022 its culture evolving rents are prone to decade and! To help you think ahead and stay informed to Invest in healthcare REITs the sheer variety medical... Faced a wide range of challenges in 2022, Meridian CEO John Pollock is predicting three trends drive... Reduction in inflation nearer to its 2 % target transaction volume dropped to $ 2.94 billion from jll ) a! Unclear how technology will impact the full scope of healthcare delivery across the US travel a! And travel trends tend to be in high demand for years to come medical office real estate trends 2022! With their real time market estimates between mid-May and early June 2022 of action has emerged as darling!
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