MEDICAL OFFICE MARKET OVERVIEW
 

CBRE is the only firm in Hawaii that tracks 4.4 million square feet of Oahu medical office space located among medical campuses, off campus medical office buildings, and office buildings with a substantial number of medical office tenants. This unique market niche serves as the fourth largest economic driver in Hawaii; the healthcare and social service industry.

CBRE Healthcare Services oversees more than 30 million square feet of hospital, ambulatory care centers, medical office buildings and specialty centers nationwide. With nearly 500 healthcare real estate professionals located in over 15 markets, CBRE's healthcare services platform allows Frances Okazaki and Shawlea Aona to tap into global capabilities and resources to better service local clients.

3 Reasons Medical Offices Remain Attractive Amid Pandemic 

by Andrew McIntyre - Law360  | Oct 30, 2020

The coronavirus pandemic has been a boon for industrial real estate as increased online shopping drives up demand for logistics space, but the medical office sector has also fared well in 2020, and experts expect continued strength in that area during and after the pandemic... read more

Timeshare Medical Space Might Be Here to Stay
Panelists discuss their use, and appeal to investors, during BOMA MOB conference.  

By Admin - HREI | Nov 17, 2020

As health systems and other providers continue to explore ways to expand their reach into new communities or markets, they are undoubtedly looking for as many ways to do so as efficiently as possible... read more

COVID Drives Historic Demand for Life Sciences Real Estate and these REITs, Report Says
by Diana Olick - CNBC | Oct 9, 2020

All the fundamentals are aligning for the life sciences industry, as Covid-19 accelerates already growing demand for real estate in the sector. Rents are rising for lab space, vacancies are plunging and research and development, and employment and new development are expanding further, thanks to strong venture capital investment.
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Health Care Still Largest U.S. Employer
Census Bureau’s 2018 County Business Patterns Provides Data on Over 1,200 Industries 

by Earlene K.P. Dowell - United States Census |
Oct 14, 2020

Which industry had the highest employment and annual payroll in 2018? According to the U.S. Census Bureau’s County Business Patterns (CBP), the 907,426 businesses in the Health Care and Social Assistance sector topped all others with 20 million employees and over $1.0 trillion in annual payroll in 2018... read more

Hawaii Employs 170 Temporary Mainland Health Care Workers to Fill 'Critical Need'
by Olivia Peterkin - Pacific Business News | Oct 27, 2020

The effort to help staff post-acute care facilities, which was coordinated by the state Department of Health and the Healthcare Association of Hawaii, was executed with the help of Ohio-based ProLink Services... read more

5 Trends Driving The Future of Healthcare Real Estate in 2020 & Beyond
by Moha Desai - HIT Consultant | Oct 22, 2020

The COVID-19 pandemic has forever changed patient expectations for healthcare delivery, including offered services and health office operations. Although health systems have remained dynamic in adopting telehealth capabilities, their long-term capital, like real estate and supply chain management (SCM) protocols, have not adapted to match these expectations. Health systems must be aware of current trends in both areas to inform their future decisions... read more

Hawaii’s Half-billion Healthcare Hole
by A. Kam Napier - Pacific Business News | Nov 13, 2020

Hawaii's hospitals shunted aside elective and non-urgent care to prepare for the coronavirus. Then, frightened of the virus, people began avoiding hospitals. Between these factors hitting revenues, and increased costs related to increased infection control, Hawaii's hospitals expect to end the year with a combined $580 million in losses... 
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Lee & Associates: Healthcare is a Slow but Steady Sector
by Sarah Daniels - REBusinessOnline | Sep 29, 2020

Healthcare has very different drivers when it comes to growth and demand. While highs and lows in the economy influence healthcare in many of the same ways other industries experience, it’s also governed by trends that are unique to how people seek — and pay for — their medical treatments. Chris Jacobson and Susan Wilson, both vice presidents and healthcare advisors for Lee & Associates Commercial Real Estate Services, took some time recently to talk to REBusinessOnline about today’s healthcare real estate trends... read more

CRE Investors Show Growing Interest in Biolab Space
by Sebastian Obando - National Real Estate Investor |

Oct 22, 2020

Commercial real estate investors are showing increasing interest in biolab facilities as healthcare research and development has accelerated due to the pandemic. “[There is] an increased demand for laboratory space which, when coupled with low vacancy rates in most life science cluster markets, drives rental rates... read more

A Life Sciences Surge

by Kathryn Hamilton - NAIOP | Nov 10, 2020

Echoing a common theme heard throughout sessions during NAIOP’s Officecast virtual series, closing session speaker Robert Griffin, U.S. Head, Capital Markets, Newmark, reiterated that commercial real estate is in an unprecedented time. Griffin walked attendees through opportunities for bioscience development, particularly in his hometown of Boston – one of the nation’s hottest markets for life sciences... read more

In a Battered New York Office Market, Life Science Is Flourishing
With state and city government support, developers are building laboratories for medical research and incubator spaces for biotech start-ups amid the race for a coronavirus vaccine. 

by Jane Margolies - NY Times | Oct 27, 2020

The coronavirus pandemic, which has focused greater attention on health care and spurred a heated race for a Covid-19 vaccine, has also ratcheted up interest in life science real estate in New York... read more