Growth, Investment and the Future of Healthcare and Life Sciences in New York

Healthcare continues to dominate headlines, with major mergers, acquisitions, and uncertainty around the Affordable Care Act. This activity has created several opportunities within the real estate market. CBRE’s 2018 U.S. Medical Office Buildings findings propose a variety of outlooks:

• The senior citizen population (65+), which is the highest per-capita healthcare spending demographic, will double by 2055
• The absorption of medical office space continues to be greater than supply, which has lead to an 8% vacancy rate
• The aging population and increased insured population are the two biggest drivers in today’s healthcare market

Overall, the mission for healthcare is clear: provide quality service to a mass population in an efficient, ethical and cost-effective manner. With rising costs, however, executing healthcare’s mission is an incredible challenge.