HOUSTON - Significant population growth and homebuilding in Houston suburbs have fueled a surge in construction of medical facilities in outlying areas, according to a Medical Office report by CBRE Research.
The medical office sector is a vital (pardon the pun) indicator of the health of commercial real estate in the overall Greater Houston economy. CBRE Research is adding detailed MOB coverage in a Market Pulse series.
Among the new Houston-area projects are four suburban medical projects by Memorial Hermann in Katy, Pearland, Sugar Land and Cypress.
Methodist has new buildings in The Woodlands and Sugar Land and additional new suburban facilities are being added by Texas Children’s Hospital, MD Anderson Cancer Center and CHI St. Luke’s.
Medical office buildings for leasing to physician groups and professional care tenants are also being constructed in Houston suburbs.
Between 2010 and 2015, Houston’s far outlying suburbs, including Cinco Ranch, Fort Bend County and Cypress/Fairfield registered a 14 percent gain in population. The medical construction boom is a response to the suburban population growth.
Construction is also strong in the Texas Medical Center, which serves millions of patients annually at its Inner Loop campus near Main Street and Rice University.
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