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| Mari Lederman |
PHOENIX, AZ, Sept. 14,
2018 – Rising patient numbers and real estate spending point to long-term
resilience for healthcare-related buildings – and Phoenix is no exception,
according to JLL’s latest U.S. Healthcare Real Estate Outlook report and healthcare experts within
the Phoenix office of JLL.
According to JLL, the key trends driving U.S. healthcare real
estate that apply equally in Phoenix are:
· Using
new types of real estate in new and more locations to continue to capture
growing patient demand.
More diverse
facilities improve the patient experience and win brand
loyalty. Innovative settings such as 24-hour emergency care centers,
urgent care, wellness and micro-hospitals are popping up in valuable retail locations.
 |
| Katie McIntyre |
“In Phoenix, well-known names in Phoenix like Banner, Dignity and
Honor Health want to be where the population is, making areas like Gilbert,
Goodyear and even emerging communities like Laveen very popular for off-campus
medical office locations,” said JLL Senior Associate Mari Lederman.
· Offering
the right location with the right care – no more, no less – to mitigate
decreasing reimbursements and operating income pressures.
Outpatient
centers often are less expensive to construct and operate than traditional
hospitals.
"One of our clients, Cancer Treatment Centers of America,
recently opened two off-campus clinics – one on North Phoenix and one in
Scottsdale – designed specifically to offer chemotherapy treatments,” said JLL
Senior Associate Katie McIntyre.
“They
are actively pursuing more outpatient care centers now, the first of which will
open in the Valley next April.”
According to JLL, on-campus medical office building vacancies sit
at 17.6 percent while off-campus vacancy rates have decreased to 14 percent.
Through
this migration, many users are looking for second-generation space to mitigate
rising rents and construction costs, and offer a way to create space that works
with their particular use.
· Expanding
and renovating inpatient settings to accommodate longer stays.
Also,
inpatient facilities will increasingly be focused on the sickest and most acute
care needs, keeping hospitals a crucial piece of the healthcare delivery
puzzle.
"Our large retirement population makes this extremely
important in Arizona,"
said McIntyre. "As the aging patient population increases, the demand for
more medical office buildings will also increase."
Click here to access JLL’s full U.S. Healthcare Real Estate Outlook.
For other local and national JLL research reports, visit the JLL Phoenix
research page at www.jll.com/phoenix/en-us/r
esearch.
Contact:
Stacey Hershauer
Phone: +1 480 600 0195
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