Vital Signs Fall 2021: Healthcare and Medical Office Report

VITAL SIGNS

Nursing care, which has the highest inventory by far, is seeing the least new construction. However, total inventory has declined. There are fewer nursing care units today than in 2014. With the exception of a handful of large transactions, investment sales volume has remained considerably off the pre-pandemic pace. The first quarter of 2021 was extremely slow with very little in broadly marketed opportunities. Since the start of the second quarter 2021, the sector has seen a significant uptick in opportunities coming to market. SENIOR HOUSING SALES

10.0 15.0 20.0 25.0 30.0

8.9

5.7

Billions of Dollars

0.0 5.0

Single Asset

PortFolio Entity Level

0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0

-10%

vs.’17-’19

average

-20%

-16%

Billions of Dollars

Independent Living

Assisted Living

Nursing Care

2017 2018 2019 2020 2021

Year to August

Source: RCA, Cushman & Wakefield Research

12 | CUSHMAN & WAKEFIELD