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Content about Northeast

February 6, 2013

Boston Market Profile 2013

“There’s not a lot of medical office expansion going on in Boston,” says Jim Canfield, partner with McCall & Almy, a Boston-based commercial real estate firm that exclusively represents tenants. “There are fewer healthcare-related tenants looking for new space, so tenants have more leverage with landlords.”

November 9, 2011

Buffalo-Niagara, N.Y., Market Profile

While the population in the Buffalo-Niagara market and upstate New York overall is not growing, it is aging, making this market a prime spot for medical practices that focus on the elderly.

According to Paula Blanchard, a licensed real estate salesperson in the commercial division of Realty USA in Buffalo, the stagnant population is a result of some residents’ migration to warmer climates and higher-paying jobs, but the increase in older demographics bodes well for healthcare in this market.

October 11, 2011

Manchester, N.H., Market Profile

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.

By Tom Fini

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. According to Steve Norton, executive director of the New Hampshire Center for Public Policy Studies: “Healthcare spending in New Hampshire has outpaced growth in the economy for decades and is projected to continue well into the future as the graying population (one of the key drivers) is not projected to peak until 2020.”

September 13, 2011

Stamford, Conn., Market Profile

The Stamford, Conn., market continues to be a hub for many medical practices. Its ability to draw from Westchester County, as well as the northern and eastern portions of Fairfield County, make it a key location for numerous medical practices, many of which have multiple locations throughout the state of Connecticut.

By Sean McDonnell

The Stamford, Conn., market continues to be a hub for many medical practices. Its ability to draw from Westchester County, as well as the northern and eastern portions of Fairfield County, make it a key location for numerous medical practices, many of which have multiple locations throughout the state of Connecticut. With the Merritt Parkway, I-95 and Metro North trains, accessing Stamford is not an issue even for employees and physicians from as far as Manhattan and New Haven County.

August 16, 2011

New York City Market Profile

As always, demand has been strong for medical spaces in densely populated and well-to-do parts of the city, like the Upper East Side and Upper West Side. The drop in rental prices brought opportunities for entrepreneurial medical professionals to build five-star office spaces rarely seen before.

By Stanley J. Piesh

The New York City commercial real estate market is gradually coming out of the recent recession, with increasing activity in the healthcare industry – particularly in the expansion of the private sector by way of independent emergency rooms, which in certain ways compete with local hospitals.

On the other hand, there has been evidence that the private healthcare sector is shrinking, with doctors ready to abandon private practice and accept permanent positions in hospitals.

July 12, 2011

Portland, Maine, Market Profile

If you cater to the elderly, Portland, Maine, could be your market. Maine boasts one of the oldest populations in the country – if not the oldest – meaning that even more healthcare is needed in this region than in markets with younger demographics.

In fact, the aging population is one of the main demographic drivers for healthcare in this part of the country, where general population growth remains relatively flat, says Charles Day, a broker with CB Richard Ellis | The Boulos Company in Portland.

June 14, 2011

Providence, R.I., Market Profile

The good news for physicians looking to lease space in Providence is that there are numerous medical suites available in the 1,200 to 5,000 square-foot range, along with a handful of 6,000 to 10,000 square-foot suites.

By John D. Cregan

Although Rhode Island experienced the second-slowest population growth of all the states over the past decade, it can be noted for its senior and minor residents. According to the new Census data, not only does the state have the ninth-oldest population in the U.S., with 14.3% of the people aged 65 and over, but it also boasts 21.5% of its population as under 18. This bodes well for those medical specialties geared toward geriatrics and pediatrics that may be considering a move to or within the Providence market.

May 17, 2011

Hartford, Conn., Market Profile

With an aging demographic base, Hartford’s medical office market is anticipated to grow over the next several years. But if you’re currently seeking medical office space in central Connecticut, you’re more likely to find it in pockets throughout the area.

By Patrick Mulready

With an aging demographic base, Hartford’s medical office market is anticipated to grow over the next several years. But if you’re currently seeking medical office space in central Connecticut, you’re more likely to find it in pockets throughout the area.

April 19, 2011

Long Island, N.Y., Market Profile

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.

By Darren Leiderman

Medical office space on Long Island tends to be difficult to find and expensive once you do. Typical medical office rental rates run about 10 to 15 percent higher than general office rates, even in the same buildings. The logical question medical users always ask is, “Why?” There are many reasons that cause this disparity, and most are related to changing influences in the medical sector.

March 22, 2011

Northern New Jersey Market Profile

Physicians in the Northern New Jersey medical office market are sitting tight when it comes to real estate decisions – largely because of the uncertainty of healthcare reform and what effect it will have on their individual practices.

February 23, 2011

Boston Market Profile

If your practice is currently in the Boston area or if you’re looking to move there, there’s good news: healthcare real estate is thriving in this market. In fact, experts say healthcare remains one of the most robust sectors of office real estate in the Boston area.

“Boston’s healthcare market has traditionally been one of the strongest, and most competitive, in the country,” says Michael R. Greeley, an executive with the healthcare practice group at Cushman & Wakefield of Massachusetts, Inc.