Denver’s broader office market remains heavily oversupplied, but medical outpatient space is telling a very different story, with vacancy falling to just 5.3% and limited new supply in the pipeline.
Across the 28 hospitals in the seven-county Denver area, only about $53 million of 2024 profits came from treating patients.
Retail locations, especially former big-box stores, are attractive to health care providers because they offer visibility, square footage, and parking. But the strategy isn’t just about real estate—it’s also about capturing market share.
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