The COVID-19 pandemic has taxed the capabilities and capacities of health care providers across the U.S. It has also made some consumers less willing to seek routine or elective care, due to their fear of the virus. However, the health care real estate market has remained strong in the Twin Cities, according to market stakeholders.
“Historically, health care had been so resistant to the ups and downs of the economy,” said Jill Rasmussen, a principal with the Minneapolis-based Davis Group. “But, with COVID, there have been challenges with some specialty groups,” including reduced activity at clinics and hospitals. “But the specialty groups are probably back to 95% to 100% of their pre-COVID volumes,” Rasmussen said.
10 Must Reads for the CRE Industry Today (Jan. 9, 2021) NMHC’s first rent payment tracker numbers for 2021 show that 76.6 percent of renters had paid full or partial rent by January 6. Before Trump supporters turned violent at the Capitol they had been providing a boost to local hotel occupancies, reports Bisnow. These are among today’s must reads from around the commercial real estate industry.
NMHC Rent Payment Tracker Finds 76.6 Percent of Apartment Households Paid Rent as of January 6 “The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.6 percent of apartment households made a full or partial rent payment by January 6 in its survey of almost 11.3 million units of professionally managed apartment units across the country.” (