Data presented at the recently-held 2026 Revista Medical Real Estate Investment Forum painted a narrative of a healthcare real estate sector where transaction volumes have rebounded and developers are selectively advancing new projects, supported by strong occupancy and demand fundamentals.
The medical outpatient sector has demonstrated strong performance, with vacancy rates falling to 7.4% compared to 13.9% in traditional office spaces, marking record-high occupancy and steady demand growth.
Baptist Health purchased 11.3 vacant acres in St. Johns County on March 23 for $5.7 million and abuts a 23.3-acre parcel Baptist bought for $5.8 million in July.
The use allowances for Baptist‘s newest property restrict construction to a 150,000-square-foot medical campus, but a February request to change the property’s allowances would let Baptist build a hospital twice that size.
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