Despite all the doom and gloom of the news about the office sector, one component remains strong: medical office buildings. It is buoyed by a stable clientele, long-term leases, and a slow pace of new entries. Even better, the buildings' tenants can rely on a steady flow of customers in need of care.
The flow has even increased as a result of passage of the Affordable Care Act, an aging population, and advances in medical technology that enable more procedures to be delivered in lower-cost, more efficient outpatient settings.
And investors are paying attention, according to the just-released 2024 report "Emerging Trends in Real Estate" issued by PWC and the Urban Land Institute.
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