(left to right) Jason Muss, Muss Development, Jay Johnson, JLL, and Michael Cohen, Williams Equities<\/figcaption><\/figure><\/div>\n\n\nHealth trends come and go. And with them, demand for medical office space shifts. Certain markets are known for hosting certain types of health-care professionals. As such, medical office real estate trends across the nation look a bit different from place to place. But there are some overall occupancy themes to observe, as well.<\/p>\n\n\n\n
A trend toward wellness<\/h2>\n\n\n\n
The general wellness industry has recently begun occupying more real estate than it historically has, according to Michael Cohen, principal of Williams Equities.<\/p>\n\n\n\n
\u201cThere isn\u2019t a single practice type that has eclipsed the others, but I do think that the concept of wellness\u2014something that combines M.D.s with Ph.D.s and practitioners, acupuncturists, reflexologists\u2014and this holistic approach to health care is one of the newer (ones) on the scene,\u201d Cohen explained.<\/p>\n\n\n\n
While some might not classify this as a medical tenant, Cohen does. As Baby Boomers age and the general population becomes more health conscious, the demand for holistic services, such as psychotherapy, is rising. And so is leasing.<\/p>\n\n\n\n
\u201cYou are seeing this idea of mixing traditional medical care with sometimes alternative practices: fitness, nutrition, mental well-being,\u201d noted Jay Johnson, national director of JLL’s health-care market. <\/em>It’s becoming more common to see a mix of these medical tenant types under the same roof, he continued.<\/p>\n\n\n\nThis trend will likely accelerate as people become more proactive rather than reactive about their health .<\/p>\n\n\n\n
\u201cWe don\u2019t want to settle for the same health care that our parents settled for,\u201d said Johnson. \u201cExpectations are going up. We want to be more active into our later years.\u201d<\/p>\n\n\n\n
Need-based practitioners<\/h2>\n\n\n\n
Other medical practitioners that are likely to continue to lease more and more space are those that cater to an aging population. Baby Boomers are likely to need more orthopedic procedures and the smaller cohort of Gen X, for example, will begin to move toward more frequent joint replacements. And then there are the things that never go away.<\/p>\n\n\n\n
\u201cCardiology, dermatology, cancer-treatment facilities, those are all very widely needed and utilized medical tenants, and those are all going to get stronger,\u201d said Jason Muss, president of Muss Development. \u201cThere is no substitute for visiting the doctor regardless of any other advancements in tech.\u201d<\/p>\n\n\n\n
Urgent care? Perhaps<\/h2>\n\n\n\n
One tenant that may have already seen its heyday is urgent care centers. During COVD-19 people were in constant need of quick and efficient medical testing within a short distance of their home. As a result, these centers skyrocketed.<\/p>\n\n\n\n
\u201cThose places thrived,\u201d Muss said. \u201cThere is still a place for them, but they aren\u2019t expanding as rapidly as they were.\u201d Now, there might be some consolidation down the line.<\/p>\n\n\n\n
Pandemic or not, younger generations often favor this more on-demand type of relationship with doctors and caregivers. Being able to see online what\u2019s open now, what the wait times are and the types of services offered is \u201cgiving urgent care a bit more of a retail-like flavor,\u201d Johnson said.<\/p>\n","protected":false},"excerpt":{"rendered":"
A holistic approach to wellness is becoming increasingly popular, while demand for urgent care centers may be declining. <\/p>\n","protected":false},"author":3006,"featured_media":1004723934,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21754,23891,21742,51037],"tags":[32796,43955],"class_list":["post-1004723932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-medical-office","category-national","category-latest","category-trends","tag-jll","tag-muss-development"],"acf":[],"yoast_head":"\n
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