Health care next big thing in the Charlotte, NC area

Health care development is emerging as a Next Big Thing in the Charlotte area as activity slows in residential, industrial and commercial real estate.

Physicians' offices, imaging centers and specialty clinics are springing up in the urban core and on the suburban fringe as the demand for space grows and the industry moves toward providing more outpatient services.

And longtime medical office developers are seeing competition intensify as general office developers seek a share of the health care market.

Karnes Research Co. says about 4.3 million square feet of multi-tenant office space is under construction countywide.

But statistics on the size of the medical market are hard to come by. Real estate researchers in Charlotte count only multi-tenant leased space without separating medical from general office.

In addition, much of the new medical space is likely to be in owner-occupied buildings and medical office condominiums.

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