Despite Office Sector’s Woes, Demand for Medical Space Remains Robust

According to Maryland-based healthcare real estate data provider Revista, the amount of medical office space in Hartford, Tolland and Middlesex counties has increased by 20% over the past decade, to 6.8 million square feet as of the first quarter of this year. Occupancy has hovered around 94% for a decade. Revista Principal Hilda Martin said construction of medical office space has slowed nationally, even as demand remains strong. The amount of new U.S. medical office space being added is hovering around 1% annually, but space is being occupied at a faster rate, Martin said.

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Source: https://www.hartfordbusiness.com/article/despite-office-sectors-woes-demand-for-medical-space-remains-robust

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