Consumer spending in the healthcare and medical office sector has been revived since the rough ride it went through during the pandemic.
Long-term issues affecting the health care clinical workforce continue, according to Cushman & Wakefield, most notably a growing labor shortage, as well as a rise in inflation and shifting sites of care — all of which are expected to affect growth and performance of healthcare commercial real estate.
A recent C&W report showed that in 2022, health systems have reported a 37% increase of median labor expenses per discharge as compared to pre-pandemic expenses in 2019, according to The Advisory Board.
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