Amazon and e-commerce have put a serious dent in the retail market; however, a solution to this challenge has become available. Medical facilities provide property owners with long lasting tenants who can drive traffic to their centers.
As baby boomers age, more healthcare services are required and many who have children do not want to travel across town to visit their doctor. That’s where medical retail centers come in. Their convenient locations are far easier to find than the traditional medical office.
Landlords are eager to have medical providers move in, especially into mall space. Landlords realize patients will check out the mall before or after their appointment causing increased foot traffic throughout the mall. Struggling retailers may find new benefits by searching for medical providers to move into their centers.