ATLANTA—The aging US population, pressure for healthcare providers to cut costs and new technologies have boosted demand for medical office properties in recent years. That's according to new CBRE report.

The US Census Bureau estimates that the 65-plus population will nearly double between 2015 and 2055 to more than 92 million and by then will comprise nearly 23% of the country's total population. Atlanta has seen a 32.1% increase in the population of the 65-plus demographic between 2011 and 2016, which is the highest growth among the measured markets in the report.

“The steep increase in the 65-plus population and anticipated greater need for in-office physician services by this group signals a continued increase in demand for healthcare services and medical office space in the years ahead,” Andrea Cross, Americas head of office research, CBRE, tells GlobeSt.com. The need for medical office in Atlanta is expected to increase, as Atlanta has a projected 65-plus population growth of an additional 25.3% through 2021.