Suburban Chicago’s medical office market continued to thrive through the end of 2016, but some uncertainty awaits in 2017.
Check out Bradford Allen’s latest report here.
Suburban Chicago’s medical office market continued to thrive through the end of 2016, but some uncertainty awaits in 2017.
Check out Bradford Allen’s latest report here.
At mid-year 2016 the total occupancy for on-campus medical office space in suburban Chicago remained flat from the start of the year. Activity and overall deal velocity has remained strong, but the vast majority of Q1 and Q2 deals have not resulted in any positive space absorption. This is due to several ongoing trends:
There is still ongoing demand for regional hospital systems to continue to merge operations (Northshore and Advocate are the most recent), that these trends in health care real estate will likely continue, resulting in flat absorption rates for vacant space.
Jill’s Top 5 Articles From This Week
Jill’s Top 5 Articles From This Week
Jill’s Top 5 Articles From This Week