Vital Signs Fall 2021: Healthcare and Medical Office Report

VITAL SIGNS

Providing Healthy Returns for the Long Term As healthcare providers continue to adapt their facilities and footprints to address the operating requirements of the pandemic, we expect this real estate sector to continue to perform well. While some providers experiencing renewed surges of COVID-19 have halted elective cases temporarily to ensure patient safety, these have been limited in both geographical location and duration as of this printing. And although telehealth has enjoyed a recent surge in popularity, at this juncture, widespread adoption and use of telehealth has not substantially altered demand for medical office space. While the early months of the pandemic saw record rates of telehealth use, those rates have since subsided. Long term, we will track continued use of and watch for regulatory changes related to telehealth reimbursement that may affect future demand for MOB space. The healthcare sector may have experienced significant challenges and stress at the inception of the pandemic, but not only has it recovered and rebounded well, its overall outlook appears very good for the long term. Aging population trends across the world combined with advances in technology should open up tremendous opportunities for the sector overall, while continuing to provide healthy returns for its investors.

The healthcare sector may have experienced significant challenges and stress at the inception of the pandemic, but not only has it recovered and rebounded well, its overall outlook appears very good for the long term.

14 | CUSHMAN & WAKEFIELD