Obama Health Care Bill May Create Demand for Medical Office Space

Real estate brokers see opportunity in building office space for physicians who will serve newly-insured people under federal health-care overhaul.
March 24, 2010, 2pm PDT | Cathy Duchamp
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Coming to a permit desk near you: applications for medical office buildings, or at least real estate brokers hope so. Paul Wexler with the Corcoran Group in New York tells the Wall Street Journal "there will be a need for medical providers to be in [low income] areas where people now go to emergency rooms...to get their care."

Others are a bit more skeptical about a medical office space boon, including Eileen Sheil, with the Cleveland Clinic, who says she doesn't see a "surge in real estate." But she sees a need for updating and reconfiguring facilities to meet rising patient demand.

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Published on Wednesday, March 24, 2010 in Wall Street Journal
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