Premier Healthcare commercial real estate news, analysis, trends and information including hospital, health system space use, medical office buildings, skilled nursing, post acute care and rehabilitation facilities.
The healthcare sector has seemingly recovered from a slew of major-provider layoffs in 2017, and more than 130,000 square feet of medical office space was delivered in Q4 2018, with more developments on the way.
In connection with the merger deal, Birmingham, AL-based Medical Properties Trust, Inc. reports it has entered into definitive agreements to acquire 11 Australian hospitals from affiliates of Healthscope Ltd. for approximately $859 million, and lease the acquired real estate back to Healthscope.
In the U.K., Avison Young now has 18 offices and 1,600 employees working with clients on the transaction and consultancy sides of the real estate brokerage business.
With strong leasing activity and rental rate growth this year, the Phoenix medical office market is poised to see an influx of investment capital in 2019.
The segment of the population at or beyond 65 is growing at a rate 14 times faster than those aged 64 or younger and this demand for healthcare services means more workers, making space much tighter in some markets.
In our exclusive audio interview, Michael Mullin, president of Integrated Business Systems, discusses reasons why the construction industry should move away from paper-based management to digital documents.