What healthcare tenant demand exists for standalone, pad, or multi-tenant medical space in the area?

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Standalone Medical Building Demand

Independent healthcare providers and specialty clinics seek visibility, branding, and operational control

  • High demand from urgent care, dental, pediatric, and imaging providers
  • Tenants prefer locations with drive-up access, dedicated parking, and signage
  • Appealing for long-term leases (10–15 years) with custom build-out options
  • Strong demand near residential neighborhoods, schools, and commuter corridors

Pad Site Medical Demand in Retail or Mixed-Use Settings

Healthcare groups are increasingly locating in high-traffic retail environments for patient convenience

  • Ideal for walk-in clinics, optometry, physical therapy, and diagnostics
  • Tenants value co-tenancy with grocery, pharmacy, or fitness centers
  • High visibility and shared parking attract high footfall and consumer traffic
  • Demand driven by retail-to-medical conversions in suburban and urban infill markets

Multi-Tenant Medical Office Building (MOB) Demand

Hospitals, systems, and specialists favor clustered tenancy for referrals and shared services

  • Popular among dermatology, orthopedics, cardiology, behavioral health, and lab services
  • Common near hospitals, surgical centers, and academic medical hubs
  • Demand strong for 1,500–5,000 sq ft suites in modern, ADA-compliant buildings
  • Tenants seek move-in-ready shells or second-generation space to minimize fit-out costs

Market Demand Drivers and Occupancy Trends

Tenant activity reflects demographic growth, payer shifts, and decentralization of care

  • Aging population boosts demand for outpatient and specialty services close to residential areas
  • Shift to value-based care and off-campus delivery supports non-hospital locations
  • Retail health models and telehealth hybrid practices require smaller, accessible spaces
  • Strong leasing momentum in markets with new housing, highway access, and medical campuses

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