Raleigh-Durham has been one of the fastest-growing metropolitan areas in the United States for some time, with healthcare-hungry seniors accounting for a growing percentage. To address the growing need, nearly $2 billion in healthcare facilities construction is either planned or underway in the Raleigh area.
The aging population in Des Moines, coupled with the city’s westward expansion, continues to drive healthcare demand, according to a report by Angelou Economics. Most single-physician practices have been replaced by group practices that are staying put in their offices, keeping medical office buildings relatively full.
Fort Worth has historically been the smaller and more relaxed half of Metroplex and the city’s healthcare real estate market fits that profile. It’s a little less aggressive and competitive, but also not as subject to extreme, cyclical market fluctuations.
The demand for medical office space in the Manchester market has largely been driven by practices that serve the elderly, as this demographic group continues to grow. Demand for lower-cost and convenient medical services in the area has initiated several developments by local major hospitals and primary care providers.
Population growth is the main driver for healthcare in the Virginia Beach market. For the first time, there is a larger percentage of Virginia Beach residents living south of Interstate 264 than north, creating a greater need for health services in this region.
