A real estate management analyst believes demand for outpatient medical office buildings in Phoenix will continue to grow in the coming years, local radio station KJZZ reports.
What you should know:
1. Real estate management company JLL's Katie McIntyre spoke to KJZZ about the current medical office development landscape.
2. Over the last five years, medical office occupancy rates increased 33 percent in the metropolitan Phoenix area.
3. Ms. McIntrye believes the area is ripe for development because of soon-to-be-complete infrastructure developments.
4. Additionally, Ms. McIntrye believes demand for medical office buildings anchored by outpatient surgery center will boom in the coming years. Concerning such developments, she said, "There's a large demand for that product type right now, and we'll continue to see that grow."