New Development Model Reshapes Off-Campus Medical Office Market

CWNCompass_MedOffice_Jan2016_Page_1The big story in medical office is that off-campus development is evolving as strategies shift. The typical medical office building of the early 2000s – individual suites in a multi-tenant property – will likely be a thing of the past.

Cushman & Wakefield/NorthMarq’s Misty Bowe expounds on this market change, “The Twin Cities medical market is going through a transition phase based on the impacts from healthcare reform. New integrated specialty center projects for hospital systems and large independent practices are a by-product of this reform. Additionally, creative re-use or repurposing of strategically located existing product is occurring to better suit the changing needs of providers today. We believe this trend will continue as providers seek to deliver greater convenience for patients.”

For details on the Twin Cities medical office market and much more, subscribe to the Compass Report.

Misty Bowe is an Associate Director with the Healthcare Advisory Group.

 

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