Global Health Crisis
Emerging Trends Impacting Healthcare Real Estate
• Short-Term Challenges: A decline in non-emergency patient visits will likely strain revenues for many dentists, off -campus physicians and practitioners that provide elective and nonessential services in areas under shelter-inplace orders.The COVID-19 pandemic is rapidly changing the commercial real estate landscape. To help investors better interpret the impact of the Global Health Crisis,
Marcus & Millichap has released two new reports covering the impact of the recent fiscal stimulus bill on the Seniors Housing and Medical Office sectors. We wish you the best of health, and hope the insights we share will help you navigate the choppy waters before us.
• Short-Term Impact: Many health-related providers will utilize PPP loans to maintain staff s and stay afloat heading into the summer. Off -campus urgent care facilities and microhospitals may witness an uptick in visitations from non-COVID-19 patients wishing to avoid larger hospitals that may be handling coronavirus cases.
• Long-Term Challenges: Smaller businesses and practitioners that experience a revenue hit and are unable to maintain employees may have difficulty replenishing staff s to pre-downturn levels once the pandemic lifts.
• Long-Term Impact: A backlog of appointments should benefit medical providers able to weather the pandemic. The nation’s aging population may also bolster office visits in the second half of the year.
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