Medical office remains one of the most highly sought-after property types for commercial real estate investors as demand drivers remain strong, according to one industry expert. 

"Many investors consider medical office to be a comparably secure investment alternative despite recession risks, but offer upside potential over the mid- to long-term horizon," says Marcus & Millichap's John Chang, who sat down with GlobeSt in advance of his keynote at this week's GlobeSt Healthcare conference in Scottsdale, Ariz.

"Over the long-term, healthcare related properties have sound underlying drivers," he goes on. "Although telehealth and other innovations may make access to healthcare easier, it will not fully replace doctor visits or the need to go to a medical facility. Outpatient surgical centers and other properties with specialized infrastructure or that are equipment intensive will garner the most investor interest. Although there is some new development in the space, it has not been keeping up with demand, especially in metros with outsized population growth like the Southeast, Texas and the Southwestern US."