Search
 

Silver Tsunami Fueling Medical Office Growth

And many developers believe healthcare and retail make great neighbors.

By Brian J. Rogal | Updated on December 28, 2017

chi-newcity 3 (2) Structured Development’s NEWCITY project in Chicago has found that medical office blends well with many other retail uses.

CHICAGO—The senior population is growing and, increasingly, gravitating to the rental lifestyle. The number of Americans age 65 and older increased from 35 million in 2000 to 49.2 million in 2016, and experts predict this generation will live longer than previous ones, fueling an unprecedented housing boom that will also bolster other property types like medical office.

“It’s not just millennials,” Jeff Berta, senior director of real estate development at Chicago-based Structured Development, tells GlobeSt.com. “Baby boomers are selling their homes and moving into rental housing,” usually clustered around urban cores. “With that comes the need for medical office space that is modern and accessible.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.