Mid-Year 2020 | Houston Healthcare | Market Report
COVID-19 applies pressure to otherwise healthy Houston healthcare real estate market
Commentary by Coy Davidson | Senior Vice President
Houston's Healthcare real estate market expected to have another solid year of growth as we began the year. Unfortunately, a global pandemic arrived in late February, placing financial stress on Houston's healthcare systems.
Houston's largest healthcare systems and smaller independent healthcare providers as well have had their bottom line impacted by COVID-19 with profitable elective surgeries placed on hold, and unforeseen costs associated with treating the coronavirus. As a result, with pressure to reduce expenses and a stagnant local economy, healthcare systems are tapping the brakes on previously planned expansions and exploring ways to streamline how they deliver care to consumers.
Some pre-pandemic planned construction projects and lease transactions are moving forward. The more ambitious capital projects have been put on hold as health systems confront the realities of shoring up their operating margins. As a result... To read the full report, click here: https://www2.colliers.com/
Lisa Bridges | Director of Market Research