It would almost seem to be a match: various aspects of healthcare need commercial real estate space and office owners need more tenants. But far more often than not, it's like the assumption that office buildings can become multifamily properties. A small percentage of the time that is possible — with significant expense to upgrade. Far more often, it just doesn't work.

A recent report on the single-tenant net lease market from Northmarq makes it clear:

"Healthcare continues to be an important subset of single-tenant office — helping to buoy recent activity — but investor demand for urgent cares, dialysis facilities, medical office buildings, and other specialty healthcare properties isn't likely to translate to traditional office product. There should be continued crossover into research/development of lab space — critical office facilities that ultimately support the medical office sector — but with the bulk of office inventory being housed in more traditional urban high-rises, suburban office parks, and campus-style headquarters, general office owners have a more challenging road ahead."