Medical Trends of 2024 – April Update

Medical Trends of 2024 – April Update

The Rising Trend of Microhospitals in Commercial Real Estate

In recent years, a notable trend has emerged in the realm of commercial real estate: the rise of micro hospitals. These compact medical facilities, often spanning between15,000 to 50,000 square feet, are revolutionizing healthcare delivery by bringing essential services closer to communities.

Meeting the Demand for Convenient Healthcare Services

One of the primary drivers behind the proliferation of micro hospitals is the increasing demand for convenient healthcare services. With growing urbanization and demographic shifts, many communities are experiencing a shortage of accessible medical facilities. Micro hospitals address this gap by providing a range of essential services, including emergency care, diagnostic imaging, laboratory services, and outpatient procedures, in easily accessible locations.

Optimizing Operational Efficiency

Unlike traditional hospitals, micro hospitals are designed to be highly efficient in terms of both space utilization and operational costs. By focusing on core services and eliminating unnecessary amenities, these facilities can deliver quality care in a streamlined and cost-effective manner. From a commercial real estate perspective, micro hospitals present an attractive investment opportunity, offering potential for steady rental income and long-term lease agreements.

Enhancing Patient Experience

Micro hospitals are designed with the patient experience in mind, offering a more personalized and convenient alternative to larger medical facilities. With shorter wait times, convenient parking, and a more intimate environment, these facilities provide patients with a higher level of comfort and satisfaction. From a commercial real estate standpoint, this focus on patient experience can translate into higher tenant retention rates and increased demand for space in micro hospital developments. From urgent care clinics to specialty centers, these facilities can be tailored to meet the specific needs of different communities and patient populations

What’s inside:

  • Medical trends 2024
  • Featured properties
  • Tenant representation
  • Free analysis

Featured Medical Property

2000 McDonald Road
South Elgin, Illinois

Located in close proximity to Northwestern Delnor Hospital and Advocate Sherman Hospital, this fully built-out medical office encompassing the entire first floor is an ideal space for urgent care, surgery center, physical therapy, or large medical practice.

With a private staff entry, the facility offers over 20 exam rooms/private offices, including specialized features such as an imaging room equipped with x-ray tech booth power and infrastructure for a CT scan.

The office is strategically designed with infrastructure in place for complete urgent care services, encompassing triage, CT scans, X-rays, and mammography. Additional amenities include a large break room with a kitchenette, a dedicated locker room, and a generous nursing area with multiple desks.

The space also features a waiting room, reception area, and multiple restrooms for both staff and patients. An open area is also provided for physical therapy. The property is further enhanced by covered patient drop-off, a separate area for ambulance drop-off/pickup, ample parking, and monument signage, and conveniently located just off Randall Road.

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Tenant Representation

Ellie Mental Health
110 N. Brockway Street
Suite 300
Palatine, IL

We are pleased to have represented Robin and Jim Czajka of Ellie Mental Health in their opening of a new suburban location. 

To find out more, please visit their website at: elliementalhealth.com and to find out how we can help you open your next location, please call us at 630-444-0444.

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Tenant Representation

All healthcare practices can benefit from having a medical tenant representation broker, including start-ups, established practices, multi-location practices, and sole practitioners.

We will advocate on your behalf and perform a market evaluation, site selection, lease analysis, and financial analysis based on your requirements, walking you through the process each step of the way.

With our experience in negotiations on purchases, new leases, and lease renewals, you can focus on your practice instead of the details of the real estate process. With over 50 years of combined experience, we will save you time and money, and best of all in any lease we get paid by the landlord so our services are completely free to you and your practice.

Free Analysis for Owners

At no cost or obligation, we would be happy to provide a custom market report tailored to your property, so you can see what is on the market and whether you want to lease or sell. See what’s out there for lease. See what your property is worth.

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Contact Us

We look forward to hearing from you! Consider us a resource for market knowledge related to your commercial real estate needs. Call us with any questions or use this form to request information.