Report | Intelligent Investment
Post-Pandemic Trends in Healthcare and Medical Office
Washington, D.C. Metro
February 1, 2024 20 Minute Read
One of the pillars of the local economy, the healthcare industry is evolving with post-pandemic shifts in business and demand, and real estate plays a key role.
Some major healthcare providers are financially strapped coming out of the pandemic when—out of necessity—they were focused on Covid-related patient care, putting revenue-producing elective procedures on hold. For many, business is still normalizing.
But the day-to-day practitioner, like the dentist, eye doctor, and physical therapist, is in many cases doing well. Overall population growth in the region means more demand, and post-pandemic changes in how people live and work yield new geographic patterns for those practitioners. Many are looking to traditional office buildings outside the CBD as they chase the work-from-home population. For many landlords of office buildings, these tenants represent a new source of demand. As post-pandemic demand for traditional office space wanes for some building types and demand grows for medical providers, more office buildings are expected to open their doors to medical users.