Becker's Healthcare August 7, 2024
Rental rates for new de novo ASC space have skyrocketed in recent years, as labor costs, wood and steel prices have all increased through 2023 and into 2024, according to the 2024 “Medical Outpatient Building Outlook” from advisory firm Stout.
Between 2018 and 2019, developers saw a cost increase of 10% to 30% in construction, with an additional 15% to 20% price increase in the last several years.
To make up for raising construction costs, developers are driving up rent costs. Between 2020 and 2021, ASCs were generally priced at $550 per square foot.
Now,...
Today's Sponsors
Today's Sponsor