Opportunity

By 2030, all baby boomers will be older than 65 putting 1 in every 5 residents at retirement age surging the demand for healthcare services. Current projections estimated that over 150,000 healthcare practitioners will enter the economy over the next few years. According to MedScape most practitioners space requirement from 1,000 square feet to 1,500 square feet putting the projected demand for medical office space across North America between 150 million sq. to 225 million sq. by 2021. Compounding the demand for space is that we are moving from “Sick Care” to “Well Care” encouraging new, nontraditional health service providers to enter the merket alongside traditional providers. This creates an unprecedented demand for this real estate sector.