Medical office building market is now soaring into new heights according to the report of Revista. The report stated that Florida is now number 4 in the ranks for the most medical office building construction amounting to $5.5 billion worth of projects. The demand for these new health care areas is attributed to three demand drivers that is likely to increase the demand for new medical office buildings for the next 10 to 15 years.
Demand 1: The Affordable Care Act and the Growing Aging Population
Demand 2: Diverse operations of hospital systems and doctors now reaching communities
Demand 3: Favorable capital environments
Read more about this here: Medical office building market on the rise