While most of the Houston commercial real estate market is cooling off, the healthcare industry shows no signs of slowing down, according to an article in the Houston Business Journal.
Nine new buildings totaling more than 353,000 square feet were finished in the second half of 2014. Six medical office buildings totaling 371,797 square feet are currently underway, including CHI St. Luke's 155,000-square-foot project.
Houston's rapid population growth has resulted in an increased demand for medical services in Houston and its in suburbs.
Memorial Hermann Health System is planning a new facility in the Cypress region. To be completed in 2017, the $168 million project will include an 80-bed patient tower and a medical office building.
Case Study: How NYU Langone Rebuilt for Resilience After Superstorm Sandy
Frederick Health Hospital Faces 5 Lawsuits Following Ransomware Attack
Arkansas Methodist Medical Center and Baptist Memorial Health Care to Merge
Ground Broken on Intermountain Saratoga Springs Multi-Specialty Clinic
Electrical Fire Tests Resilience of Massachusetts Hospital