There are currently $7.9 billion in healthcare construction projects totalling 8.9 million square feet underway in New England, according to an article on the GlobeSt.com website.
The projects include 43 medical office building/outpatient facility projects totalling more than 4.35 million square feet with a total value of almost $2.9 billion, and 23 hospital/inpatient projects totalling more than 4.5 million square feet with a total value of more than $5 billion, according to a report by real estate data firm, Revista.
“The level of healthcare real estate construction activity seen in the Northeast bodes well for the rest of the country,” Mike Hargrave of Revista said in the article. “Although we don’t have national data yet, we would not be surprised to see similar levels of activity in other parts of the nation.”
There are 473 general acute care hospitals, 4,491 medical office buildings and 2,105 other healthcare buildings in the Northeast, the article said.
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