John Chang explores the economy and this sector at the GlobeSt. conference
By John B. Mugford
Despite uncertainty concerning the state of the U.S. economy, economist John Chang of Marcus & Millichap assured attendees of the Dec. 1-2 GlobeSt. HRE Conference that the demand drivers for healthcare real estate remain strong. (HREI™ photo)
When economist John Chang addressed the audience upon first arriving on the stage at last week’s GlobeSt. Healthcare Real Estate Conference in Scottsdale, Ariz., he shared that he’d had quite a hectic drive and was perhaps uncertain about whether he would make it to the venue, the Andaz Scottsdale Resort, on time.
“Man, traffic was brutal this morning; it was terrible,” he said. “But I made it,”
Similarly, the healthcare real estate (HRE) business has been stuck in traffic in recent years, with development and investment inching along compared to the speedy pace of the past. Yet, just as Mr. Chang eventually reached his destination, he said there are signs the road might open up a bit for HRE in 2026.
There is a “really interesting year coming ahead for healthcare,” he said, adding, “as there are a lot of moving parts, and I think that there’s a lot of opportunity that’s emerging from this as well.”
Mr. Chang, the keynote speaker for the conference held Dec. 1-2, is a senior VP and the national director of Research Services with Calabasas, Calif.-based Marcus & Millichap Inc. (NYSE: MMI).
As he noted, there should be
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