CBRE – U.S. Healthcare Real Estate Outlook, 2025

CBRE's "2025 U.S. Healthcare Real Estate Outlook," published in November 2024, analyzes the evolving dynamics of the U.S. healthcare real estate market, emphasizing the impact of demographic shifts, technological advancements, and consumer preferences on medical outpatient buildings (MOBs). The report highlights that an aging population, with the entire baby boomer generation reaching retirement age by 2030, will increase the U.S. senior citizen population to 20% (70 million) from 17% (61 million) in 2024. This demographic shift is expected to drive a 31% increase in total outpatient healthcare spending, reaching nearly $2 trillion by 2030. The study also notes that seniors, comprising 17% of the U.S. population, account for 37% of healthcare spending, underscoring the growing demand for healthcare services. Additionally, the report discusses the rise of outpatient care facilitated by technological advancements, leading to a preference for healthcare services in more convenient locations outside traditional hospital campuses. The analysis includes trends in leasing activity, supply and demand forecasts, and capital markets, providing a comprehensive overview of the factors shaping the healthcare real estate landscape.