Victor’s Insider Scoop on Why Medical Office Buildings Are A Silver Lining Amidst The Uncertain Economic Climate …
September 10th, 2008 | top of page
While the US economy falters a new research report by Yili Dolan of Torto Wheaton Research contends that medical office buildings are a silver lining amidst generally weakening traditional office property investments. Using US demographics as a backdrop, many investors and developers see opportunity in healthcare investments: “Baby boomers represent 26% of the US population and, now hitting 60, will place tremendous demands on Medicare and require a good deal of support from professional caregivers. In addition to aging baby boomers, the fundamental change in the way healthcare is delivered is the other demand driver.”
According to US census estimates there will be 85 million people over 65 by 2050. These factors have joined together to push many hospitals and care facilities to expand. And, if the US has a Democratic administration for the next four years, we can expect to see increased funding in the healthcare arena. According to the Torto Wheaton report the overall economy has had increasing unemployment over the past seven months while the healthcare sector has continued to add jobs and is projected to increase at 2.5% per year through 2013. “As healthcare job markets remain strong, the assumption is that the requirements for medical space will be strong as well.”
If you are interested in an opportunity to acquire an historically fully leased, multi-tenant medical office building adjacent to a 225 bed hospital click on this link to download a brochure: CMDC_Flyer
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