Medical Office Real Estate

In May of 2020, we published an article entitled, “The Post-Pandemic State of Commercial Real Estate.” It was an update that included data from early 2020, and our forecast for where commercial real estate (CRE) would be heading when the virus tapers off. But as COVID-19 continues to spread throughout the country, it continues to […]

Location Factors to Consider Before Leasing or Buying Medical Real Estate Medical real estate is a niche sector of commercial real estate (CRE), and as such, it comes with a unique set of parameters. So even though location is a prime consideration for all CRE sectors, healthcare professionals have a different set of factors to

Like other sectors of commercial real estate, the medical sector has struggled under the weight of COVID-19. They have taken devastating blows to their bottom lines due to social distancing guidelines and the inability to perform elective procedures. Even now, patients remain hesitant to return for standard or preventive treatments, and the financial health of

The Effect of COVID-19 on Local Hospitals As the number of COVID-19 cases increased, rural hospital income plummeted. Eighty percent of their revenue was dependent on elective procedures—treatments they were temporarily unable to provide. While some local hospitals faced a surge in patients, others hosted vacant ERs and surgery units. Some medical staff traveled to

What is the “wow” factor of a medical building? Is it the location or curb appeal? Could it be the front lobby or storage space? What about the height of the ceilings or layout? Actually, it is all of the above. The individual factors that make up each medical facility create a full package that

The Surprising Effects of COVID-19 Emergency rooms in various hospitals in the U.S. are practically empty—an unexpected consequence of COVID-19. One source explains that many people in the U.S. use emergency rooms to receive non-emergency treatments. And now as potential patients consider their medical situations, many would rather avoid the settings where COVID-19 patients are

Manufacturing sites that were once mass-producing iPhones and Nissan vehicles are making face masks for healthcare workers instead. Major conference centers have cleared their schedules, making way for gurneys rather than vendor displays. COVID-19 has changed much about how the nation and the world are functioning. Like many industries, commercial real estate is facing some

An 84-bed hotel in Kent, Washington is now a quarantine site for COVID-19-positive patients. King County officials announced the $4 million building purchase during the first week of March. The building features doors that open to the outside and separate heating-and-cooling systems per room, both of which help lessen the risk of spreading germs. The

Medical real estate is typically not the first sector that comes to mind in the broader scope of commercial real estate. Large skyscrapers, office buildings, or hotel properties are the glistening focal point of the industry. And yet, as current events have revealed, medical real estate is one of the most necessary property types in

At the beginning of 2019, New York City began investing in its healthcare infrastructure for NYC Health + Hospitals/Metropolitan. Nearly half of the $52 million in upgrades went toward the emergency power system. That update alone could help support lighting, medical devices, computer systems, IT networks, and more in the event of a natural disaster.