An oversupply of medical office space has resulted in relatively high vacancy rates in the area, which might make this an opportune time for physician-tenants to lock in attractive long-term leases.
There’s something special about the Indianapolis region that attracts and spurs medical innovation and business growth. For one thing, it’s home to the nation’s second-largest medical school, Indiana University School of Medicine, which boasts more than $244 million in research grants and contracts.
The continued driver for physician demand in this market is the strength in employment and the density of an insured patient base covered by quality employer-provided healthcare plans.
Look to the outlying areas of Wilmington (Delaware’s largest city) to find opportunities for growth in its healthcare market. The city has a population of more than 74,500 individuals in 29,500 households -- mostly in the suburbs – who spend an average of $3,239 a year on healthcare and 53 percent of their annual healthcare budget on insurance.
To play off the well-known saying “Keep Austin Weird,” the city’s medical office market is… well, weird. Since Austin was not designed to be a large city, there is no central medical hub similar to those found in most major metropolitan markets.
