Transformation played a major role in 2023 as the healthcare sector reacted to shifts in care due to the lingering impacts of the Covid-19 pandemic. Artificial intelligence is better predicting clinical outcomes and creating other admin efficiencies. A personal and convenient approach through medical office buildings and ambulatory surgical centers (ASC) are highlighting a shift to outpatient care vs. inpatient facilities.
Healthcare Trends Impacting the Commercial Real Estate Sector
- Medical office buildings (MOBs) fundamentals remain strong, outperforming traditional office buildings with longer term leases and steady rent growth.
- Labor shortages driven by limited talent pipelines, demographic shifts and burnout will require more intentional hiring and ongoing support services and site optimization to attract and retain talent.
- The role of social care is increasing as the traditional health care model of treating illnesses after they occur is shifting towards a holistic approach that addresses social determinants of health.
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