A population increase in Georgia has made the Atlanta region a good bet for healthcare professionals. The state's population increased 5.5 percent between 2000 and 2010, spurring construction of new hospitals and outpatient clinics to keep up with demand.
Medical office space on Long Island tends to be difficult to find and expensive once you do. But it’s not all negative for Long Island medical users. Rental rates have come down almost 20 percent since before the recession.
If you’re considering relocating to the Philadelphia region, you’re on the right track as the healthcare sector continues to be a driving force in the local economy. Over the last 10 years, the Greater Philadelphia area has experienced an estimated growth rate of 4.77 percent. While this growth is more measured than other areas around the country, it’s still significant.
As tenant activity continues to increase and vacancy rates decline, the rents should start a slow upward climb in 2012 and beyond, making today the opportune time for healthcare providers to lock-in their long term plans for medical office space.
A growing – yet aging – population, technological advances in medicine, a shift in spending habits and the relative inelasticity of the healthcare industry are bolstering this region’s medical office sector, which has been largely shielded from the negative effects of the recession.
