Navigate the Healthcare Real Estate Market
It is important that both the developer and architect have a proven process for engaging stakeholders across the spectrum to achieve consensus on goals . If you utilize a lease-back arrangement , it is important that your architect understands the nuances of programming for users and healthcare institutions and balance that with the needs of the developer , and contractor to design a building that serves the needs of the hospital and patients for a price that fits within the lease structure .
Changing Market Impacts Facility Design The Urban Land Institute estimates that 64 million square feet of additional medical office space will be required during the next decade to meet the increased demand , and it will cost more to construct . According to REED Construction , the average cost of a medical office building across 25 metropolitan markets last year came in at over $ 240 per square foot , with New York , San Francisco , Boston ,
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