Denver boasts the country's hottest real estate market with economic stability and a growing population. Some big-name companies have been moving into the area. Ten of which are fortune 500 headquarters, including one of the nation’s largest medical groups.
The largest Real Estate purchases are medical office buildings. Some of the most prevalent high-growth medical sectors are Orthopedics, Pain Management, and Primary Care. Metro Denver now has the world’s only complete research, education and patient care complex. Making it not only appealing to medical professionals but also a plethora of patients seeking optimal, state-of-the-art care. Healthy living requires state-of-the-art health care systems to provide the best medical services to the population in demand. Medical companies and physician groups are taking notice of the demand and moving their practices and offices to the area.
Construction costs are rising in Denver, but it doesn’t seem to be affecting the medical office space demand. Tenants are choosing longer lease options to minimize out-of-pocket costs. Most of the new leases have term lengths between five and 10 years, keeping the market steady in this area for years to come.