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The nonprofit hospital will work with UF to expand health care delivery, research and educational services in Palm Beach and Martin counties. They are discussing the development of jointly owned and operated clinical facilities, although no specific locations have been announced.
Demand for the medical office sector remains high and the tenant base is stable, leading to healthy interest from real estate investors. Known for its stability and resistance to recessions, the sector set record highs for asking rents in 2021 as vacancies decreased—a trend that is expected through the next year and beyond.
The ASC facility is being developed as a strategic partnership between ValueHealth, The Orthopaedic Institute (TOI) and The Villages and expected to be completed by the end of the 2022 with patient care beginning in 2023. TOI plans to open the medical office building in Brownwood by September 1, 2022.
MedSpace USA is a national healthcare real estate development firm based in Florida offering a full range of development services.
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