MedCraft Healthcare Real Estate was the most active developer in 2017 with a total of 8 projects and 470,000 square feet started or completed. NexCore Group was the most active for project starts and HTA Development LLC was the most active for project completions.
...Verified started projects were down 18% in 2016 from 2015. 2017, at 18.9 million projected, has the potential to be at the same level or lower than 2016.
In inaugural market report, real estate data firm Revista says 66 healthcare construction projects totaling $7.9 billion and 8.9 million square feet are under way or in late planning in the region; other regional and national reports soon to come. Revista also announces the opening of registration for its first national event, scheduled for Nov. 19-20 in Chicago.