2017 Outlook: Medical market looking strong
Bioscience and medical sectors remain strong with dozens of projects occurring across the Valley.
The transition in healthcare to a “well care” system instead of “sick care” model is accompanied by a goal to make healthcare faster, more convenient and accessible by developing more clinics, urgent cares and outpatient facilities.
Expect to see a growing demand for larger clinic spaces of 20,000 square feet or more to accommodate group practices.
Sharon Harper, president and CEO of Plaza Companies, says, “Consolidations are still underway, merging local and national firms in unexpected partner collaborations and alliances with a creative expectation of real estate needs in terms of product type, location and integration into both neighborhoods and health systems.”