5 Trends Driving the Future of Healthcare Real Estate in 2021 & Beyond
The global real estate market will expand from $2687.35 to $2774.45 billion in 2021. In addition to this, the healthcare industry will grow 5% a year through 2024 in the US alone. These statistics show that despite the pandemic, both the healthcare and real estate industries are showing upward trends.
In fact, healthcare real estate successfully achieved 2.7 billion Euro investment in the year 2020. Although the industry is small as compared to the others, a continuous influx of capital is being recorded. Moreover, the pandemic has greatly affected the role of real estate in healthcare. Since the need for outpatient care has doubled in these two years.
Although the industry is growing, it is facing constraints just like other industries as the pandemic is disrupting the normal work cycle. Bearing this in mind construction experts are coming up with new technologies and strategies to overcome the effects.
Hence, we are observing some new trends in healthcare real estate that will persist in 2021 & beyond. Let’s take a look at these trends:
1. Sanitation Trend
The current situation is making it clear that many firms will focus on hygiene as it is necessary to keep their business open during this pandemic. Sanitation is especially necessary for healthcare.
Since many nations are making strict rules to curb the spread of coronavirus. Healthcare real estate owners must ensure that sanitation protocols are being followed on their property.
It is crucial that counters, patients and employees, etc. Spaces are being cleaned regularly to ensure safety from COVID19. This virus situation has already rattled many markets across the world. Hence, trends in sanitation will last in healthcare real estate throughout 2021 and beyond.
2. The Evolution of Micro-Hospitals
The pandemic has put stress upon the healthcare systems. Due to which hospitals are getting crowded with people, and resources are depleting quickly. This circumstance has brought changes in the healthcare service, and hence institutions are making new plans to deal with this condition.
Micro-hospital is a small-scale hospital that is built to provide healthcare access to remote regions. We can say that micro-hospitals help people and avert them from directly visiting hospitals. Hence, reducing the pressure on healthcare.
Governments adopting a micro-hospital strategy to cope with the increased number of patients. The need for micro-hospitals is something that will be present for a while. It may even become a permanent part of the healthcare industry in the future.
3. Small Healthcare Union
Small health facilities are running out of stocks due to the steady influx of Covid patients. To deal with this situation, many small health facilities are cooperating with larger health systems. Due to this reason, medical building industries are coming under investors’ portfolios.
Collaboration between many healthcare facilities is beneficial from many angles. Many facilities lack the modern layouts and tech required for more effective service. Hence the need for partnership will remain in debate throughout this year.
4. Increase in Rehabilitation Space
As we discussed earlier, the coronavirus is burdening the healthcare systems across the globe. Therefore officials are adopting plans to expand the healthcare system as soon as possible. Many authorities are building infrastructure to assist people and reduce stress on the health system.
Building a new rehab center means reduces the burden on hospitals and primary healthcare facilities. Judging this situation, facilities are in constant search of renting buildings for rehabs.
5. CRM Trend in Healthcare Real Estate
The current state is making it difficult for some parties to manage their routine work. Despite this situation, healthcare facilities need to continue their work and interact with their workers. Thanks to CRM, it is much easier to share information, even if people are away from their office. CRM software is helping healthcare systems to transfer data and other vital information without halting work.
Many of these systems are cloud-based, and it’s easy for people to link with each other from distant areas. Since work from home is currently under the spotlight. CRM software makes it possible to continue work without fears of getting infected. People are leasing remote offices and are using software to maintain their workflow.
Due to this reason, some of the best Real Estate CRM will get into a trend in 2021. You can check out the Top 6 CRM software to ensure your business runs without interruption. Further, they are cloud-based with tools such as analytics that make it easy to manage tasks.
Top 6 CRMs for Healthcare and Real Estate in 2021
1. Trello
Trello is a simple yet very easy-to-use CRM for handling tasks. The digital board makes it viable for users to organize their projects. It also allows them to arrange projects according to their priority.
2.LionDesk for Realtors
LionDesk is one of the best picks for startups, who are on the brink of starting their business. The price plan is affordable, and you can get access to expert features such as AI-based lead follow-up, etc.
3.Monday.com Software
Monday.com is an award-winning platform where teams can work together efficiently. The software has unique features that allow users to conduct workflow.
4. Propertybase
Designed for real estate agents, Propertybase is a robust system. That can help agents with vital tasks. The platform branches with Boston Logic and can also aid in leads generation.
5. NextGen Healthcare Software
It’s a cloud-based system and can work on any device, such as a mobile, tablet. The software aims to make remote medical practice more efficient.
6.HubSpot CRM
HubSpot is one of the top-ranking systems in the entire globe. Features such as email templates, scheduler, and call tracking tools make it one of the best tools.
5 Trends in Healthcare Real Estate in 2021: Final Thoughts
The healthcare industry will grow by $2 trillion in the upcoming decades. Moreover, real estate has a pivotal role to play by improving access to health. Do you know that Artificial intelligence is one of the top trending topics in the health system? Check out the details in this article!
