As with much of markets and life in general, it remains to be seen what effect the ongoing COVID-19 public health crisis will have on the Valley’s medical office building market.
“Nobody’s wanted to make any big changes is really what it’s come down to. They just haven’t made those decisions yet because they don’t know what the post-COVID market is going to look like,” said Scott Phillips, vice president at real estate development company Carefree Partners.”
Mr. Phillips shared his analysis with Daily Independent following release of the Colliers’ Greater Phoenix Medical Office report for the first quarter, which revealed only moderate change since the same time last year.
