Community/Multimedia
Healthcare Providers Looking To Renovate Rather Than Build New
While there has been a surge in construction of new healthcare facilities over the last few years, many providers are looking at renovations instead.
“Every dollar has to count,” said HKS Architects principal and Pediatric Practice Leader Rachel Knox, who was one of the panelists at Bisnow’s State of Denver Healthcare event Oct. 4 at the Hyatt Regency Aurora-Denver Conference Center. “There’s been an emphasis on renovation projects in what used to be subpar space. Now, it’s 'how can we create parity between new and old and make it seem seamless for the patients and staff to use that space?'”
Senior Housing
Staffing 'Nightmares' Changing Senior Housing Site Selection, Design
Senior housing facilities are locked in competition to attract workers from a meager pipeline, and the issue is affecting where the next generation of projects will be built.
Deal Sheet
This Week's Chicago Deal Sheet
The region’s largest and most modern warehouse and distribution buildings saw unprecedented levels of leasing throughout 2021, according to a Colliers International Q4 report.
As distributors continued to reconstruct their supply chains in response to the pandemic-accelerated rise of e-commerce, many decided to occupy spaces in the Chicago area’s 688 big-box properties, meaning precast structures of 200K SF or more and with ceiling heights of 28 feet or higher. That led the sector’s vacancy rate to plunge 484 basis points during 2021, from 8.51% to the historic low of 3.67%.
