BOCA RATON, Fla., Dec. 10th – HealthCare Appraisers, Inc., a leading healthcare valuation and advisory firm with offices nationwide, has released its new publication, the Medical Office Fundamentals Report: 2020 Year-End Review. This publication explores and illustrates timely real estate-related topics for medical offices, including timeshare usage, rental rates, development trends, product type, and pricing parameters. A complimentary download is available at: https://healthcareappraisers.com/medical-office-fundamentals-report-2020-year-end-review/.
“This report is the product of discussions with numerous lenders, real estate brokers, investment bankers and various other medical office entities, on subjects such as industry drivers, financial markets, capitalization rates, internal rates of return, as well as current trends and overall market conditions.” said Jeff Piehl, MAI, Partner at HealthCare Appraisers, Real Estate Team Lead, and author of the report. “Certainly COVID-19 has had significant impact on market fundamentals for medical office buildings. While there remains an overall elevated risk to the economy over the next 6 to 12 months, investors appear to remain bullish on well-sponsored and well-located medical office real estate.”
Various world health leaders and bio-tech company leaders are hopeful that, through new therapies or vaccine advancements, the world will soon be able to move to a semblance of the pre COVID-19 past, where people are able to mingle and move through society without fear of contagion. Until then, the medical office community will continue to deal with effects and after effects of the pandemic, ranging from full forced government closure or re-purposing of facilities, such as ambulatory surgical centers (ASCs), to social distancing guidelines and public fear of indoor spaces for other facilities such as standard doctors’ offices, which were not forced to close due to government regulations. Patients have been hesitant to return to see their physicians, but are slowly beginning to have a better understanding of how to safely navigate the “return to work” new reality in order to receive routine care.
HealthCare Appraisers’ team members are valuation experts who regularly present at national conferences and produce highly cited published insights. For additional publications and insights, including on real estate and business valuation, please visit www.healthcareappraisers.com/insights.
HealthCare Appraisers, Inc. is a pioneer in the field of healthcare valuation and advisory services and is recognized for its thought leadership and proven track record. With eight offices strategically located throughout the country and 100+ dedicated team members, HealthCare Appraisers works with clients – ranging from small, solo physician practices to large, national hospitals and healthcare systems – in all 50 states and abroad. www.healthcareappraisers.com