{"id":403,"date":"2022-06-06T13:46:57","date_gmt":"2022-06-06T18:46:57","guid":{"rendered":"https:\/\/www.lee-associates.com\/twincities\/?p=403"},"modified":"2022-07-13T13:51:43","modified_gmt":"2022-07-13T18:51:43","slug":"the-medical-office-sector-continues-to-hold-steady","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/twincities\/2022\/06\/06\/the-medical-office-sector-continues-to-hold-steady\/","title":{"rendered":"The Medical Office Sector Continues to Hold Steady"},"content":{"rendered":"
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The medical office sector couldn\u2019t be in better shape despite fears of the impact from telemedicine and given the demand for health care, the industry should be robust over the next 12 months, according to analysts.<\/p>\n

A segment known for its stability and resistance to recessions set record highs for asking rents in 2021 as vacancies decreased\u2013a trend expected through the next year and beyond. Development of new medical office buildings continues after a slowdown at the start of the COVID-19 pandemic, and for quality properties on the market, investors are gobbling them up quicker than ever. That\u2019s coming off record highs in sales volume and pricing in 2021.<\/p>\n

FEATURING SUSAN WILSON AND CHRIS JACOBSON<\/span><\/h3>\n
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\u201cI think you\u2019re seeing vacancy in older medical buildings that are now picking up office tenants, while class-A and class-B (medical offices) have lower vacancy. And if they are strictly medical they do much better,\u201d said Susan Wilson<\/span><\/a>, a healthcare real estate advisor for Lee & Associates and vice president of Lee Healthcare.<\/p>\n

There are limits, however, to how much medical office rents can grow, according to Chris Jacobson<\/span><\/a>, a healthcare real estate advisor for Lee & Associates and vice president of Lee Healthcare.<\/p>\n

\u201cIt\u2019s never going to go through the roof,\u201d Jacobson said. \u201cThey can only afford what they can afford with reimbursement from insurance. They can only see so many patients and do so many procedures a day. It\u2019s not like they can sell more coffee.\u201d<\/p>\n<\/blockquote>\n<\/div>\n<\/div><\/div><\/div>

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Click Here to Read the full Article on WealthManagement.com<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>

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ABOUT LEE & ASSOCIATES<\/strong>
\nLee & Associates offers an array of real estate services tailored to meet the needs of the company\u2019s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com<\/a>\u00a0or follow us on\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a>,\u00a0Twitter<\/a>,\u00a0and\u00a0Link<\/a>, our company blog.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>

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<\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

The medical office sector couldn\u2019t be in better shape despite fears of the impact from telemedicine and given the demand…+<\/a><\/span><\/p>\n","protected":false},"author":79,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[66,68,67],"class_list":["post-403","post","type-post","status-publish","format-standard","hentry","category-media-coverage","tag-chris-jacobson","tag-medical-office","tag-susan-wilson"],"yoast_head":"\nThe Medical Office Sector Continues to Hold Steady - Twin Cities | Lee & Associates, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/twincities\/2022\/06\/06\/the-medical-office-sector-continues-to-hold-steady\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Medical Office Sector Continues to Hold Steady\" \/>\n<meta property=\"og:description\" content=\"The medical office sector couldn\u2019t be in better shape despite fears of the impact from telemedicine and given the demand...+\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/twincities\/2022\/06\/06\/the-medical-office-sector-continues-to-hold-steady\/\" \/>\n<meta property=\"og:site_name\" content=\"Twin Cities | Lee & Associates, Inc.\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-06T18:46:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-13T18:51:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/twincities\/wp-content\/uploads\/sites\/21\/2022\/07\/LinkedIn-07.12.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2500\" \/>\n\t<meta property=\"og:image:height\" content=\"1264\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"pmurphy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"pmurphy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/twincities\\\/2022\\\/06\\\/06\\\/the-medical-office-sector-continues-to-hold-steady\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/twincities\\\/2022\\\/06\\\/06\\\/the-medical-office-sector-continues-to-hold-steady\\\/\"},\"author\":{\"name\":\"pmurphy\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/twincities\\\/#\\\/schema\\\/person\\\/48922e3b09cece19bf80fc135a24943c\"},\"headline\":\"The Medical Office Sector Continues to Hold Steady\",\"datePublished\":\"2022-06-06T18:46:57+00:00\",\"dateModified\":\"2022-07-13T18:51:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/twincities\\\/2022\\\/06\\\/06\\\/the-medical-office-sector-continues-to-hold-steady\\\/\"},\"wordCount\":360,\"commentCount\":0,\"keywords\":[\"Chris Jacobson\",\"Medical Office\",\"Susan Wilson\"],\"articleSection\":[\"Media Coverage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/twincities\\\/2022\\\/06\\\/06\\\/the-medical-office-sector-continues-to-hold-steady\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/twincities\\\/2022\\\/06\\\/06\\\/the-medical-office-sector-continues-to-hold-steady\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/twincities\\\/2022\\\/06\\\/06\\\/the-medical-office-sector-continues-to-hold-steady\\\/\",\"name\":\"The Medical Office Sector Continues to Hold Steady - 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