1、Medtail in transition 2025 Jones Lang LaSalle IP,Inc.All rights reserved.Analyzing Shifts in Healthcare Retail Real EstateMedical uses in retail spacesApril 2025JLL R 2025 Jones Lang LaSalle IP,Inc.All rights reserved.2Key trends in medtailMedtail in transitionHealthcare providers are seeking retail
2、 locations to improve patient accessibility and in response to tight supply of medical office buildings JLLs 2023 Patient Consumer Survey found that location/proximity was the second most important factor for choosing a provider behind being covered by insuranceJLLs 2025 Medical Office Building(MOB)
3、Perspectives recognized that rising occupancy and limited construction for purpose-built MOBs may cause increased spillover into adjacent property types.These factors have led healthcare providers to stretch their leasing budgets to secure conveniently located facilities in retail spaces.Move-ins of
4、 new medical tenants to retail spaces have decreased since 2019 Tight retail availability makes it difficult for medical users to find the right space.Certain medical service types are seeing a saturation or oversaturation of the market.Dialysis centers,which had been expanding for some time due to
5、the frequency of visits by those who need them,are decreasing openings due to new pharmaceuticals which help keep patients off dialysis.321Source:JLL ResearchProviders of in-person preventative&chronic care are moving into retail spaces more than othersMedical uses that cannot be replaced by telehea
6、lth,and which are utilized by patients more frequently have out-numbered other types of medtail move-ins.This includes physical therapists,dentists,chiropractors,optometrists and veterinarians.Urgent cares had a large increase in move-ins in 2021 due to COVID but reached oversaturation and has readj
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