Aging
Aging Baby Boomers Will Drive Demand for Healthcare Properties Over Next Decade, Grubb & Ellis Report Reveals
Published in Aging and Elder Health Week, April 20th, 2008
Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm, announced in a report released that aging baby boomers and their increasing demand for medical services will fuel demand for healthcare properties over the next decade. As a result, medical properties are positioned to outperform other property types over the next 10 years, according to Robert Bach, Grubb & Ellis' Chief Economist and author of the report.
Medical office space is already outpacing traditional office space as measured by asking rental rates. From 2000 to 2007, asking rental rates for medical office space grew an average of 2.8 percent per year on average, while rents for...
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