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Healthcare and retail are merging, creating a new era in commercial real estate. The pandemic has accelerated retail healthcare trends like pharmacies, groceries, and pop-up clinics.
By
Healthcare Business Review | Tuesday, December 12, 2023
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The convergence of healthcare and retail is reshaping the retail real estate industry, changing healthcare delivery and real estate. Commercial real estate must adapt and innovate to match retail real estate trends and healthcare market trends as this new era of consumer retail healthcare begins.
Fremont, CA: Healthcare and retail are merging, creating a new era in commercial real estate. The pandemic has accelerated retail healthcare trends like pharmacies, groceries, and pop-up clinics. To cater to consumers' changing needs, this shift will provide convenient and accessible healthcare solutions.
Challenges and Benefits
A retail mindset is helping healthcare providers expand their services to underserved communities and use data analytics to understand their customers. Landlords are seeing the potential of this customer-centric approach as healthcare tenants in retail spaces boost foot traffic and visibility. It's still hard to compete with brick-and-mortar retailers.
Evolving Real Estate Needs
Real estate trends in the healthcare industry are driven by retail healthcare trends, with providers looking for convenient, accessible retail spaces. Population growth correlates with development, boosting investor confidence in medical office buildings.