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Health Care Goes Retail

By Stephen A Timoni, Daniel A. Suckerman and Dean H. Wang

Few opportunities in niche real estate markets, particularly the medical real estate sector, have been created as a result of the current economic climate and related market volatility, uncertainty and capital constraints. Today's health care real estate market opportunities are being driven by an aging baby boomer population as well as the new health care law, which is expected to result in health insurance coverage for an additional 32 million people living in the U.S.

As a result, there will be an uptick in the demand for new and redesigned health care facilities as health care coverage expands and baby boomers come of age. This includes medical centers of many types of uses, such as physician offices, walk-in clinics, freestanding emergency departments, ambulatory surgery centers, physical therapy sites, fitness and wellness centers, health education facilities and diagnostic imaging centers.

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