CHICAGO—DLA Piper released its “State of the Market Survey” at the firm's 14th Global Real Estate Summit in Chicago on Tuesday, and the majority of the 222 respondents, a diverse group of CEOS, COOs, CFOs and others, felt healthcare and industrial properties were the most attractive for investors. Data centers came in third, with 31% picking that sector as a top prospect. Although multifamily did see a big drop into fourth place due to fears of overbuilding, the results largely matched the last few annual surveys, and the healthcare and industrial sectors seem likely to hold onto the top spots.
“We've got an aging population,” John Sullivan, US chair of the firm's real estate practice, tells GlobeSt.com. And coupled with new developments in technology and treatments, always a feature in the sector, “that will sustain demand for the delivery of healthcare services.”
Jay Epstien, co-chair of DLA Piper's global real estate practice, adds that “regulatory changes in the past few years, especially Obamacare, have fueled the need for more medical office buildings.”
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