Colliers: $3 Billion in Medical Development Underway in Houston

HOUSTON – Health care construction is surging in Houston. Some $3 billion is being spent to expand and construct hospitals, medical office buildings and specialized medical facilities throughout the Houston area, according to Colliers International. Almost 800,000 square feet of medical space is under construction.
“Positive changes in the industry due to the Affordable Care Act, and the continued increase of the city’s population keep developers busy building additional space for hospitals and clinics,” Colliers says in its Healthcare Trends report written by Elenda Bakina and Coy Davidson. [Realty News Report]