Feature Story: Total outpatient space now equals that of hospitals

Last week’s Revista conference revealed that — and much more

By John B. Mugford

It looks as if the big shift everyone involved in healthcare and healthcare real estate (HRE) has been talking about for years upon years has finally taken place, at least on the real estate side of the equation.

Perhaps for the first time, the two different models, outpatient and general acute care, are occupying the same amount of facility space, at 1.5 billion square feet.

This fact was shared by Mike Hargrave, a principal with HRE data firm Revista, during the opening session of the firm’s Medical Real Estate Investment Forum 2020. The conference was held Jan. 27-29 at PGA National Resort & Spa in Palm Beach Gardens, Fla., and attracted its largest crowd ever, topping 400 attendees.

“So, interestingly, this is the first time that we’ve done this update that the outpatient sector has been equal in size, at 1.5 billion square feet, to the inpatient hospital sector,” Mr. Hargrave said during a session titled “Medical Real Estate Facts, Trends, and Top Markets 2020.”

“And so this is … a trend that will probably continue into the future.”

The country, according to Revista’s vast data base, is home to

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