“Medtail” Tenants Drive Retail Leasing Activity

By Jenn Elliott for WealthManagement.com

The entire category of health and wellness is expanding to include more than traditional medical, dental and vision uses.

As the healthcare industry evolves, more and more health and wellness providers are choosing to move into retail centers. These “medtail” tenants are driving much of the retail leasing activity right now, leading to a supply-demand imbalance in highly visible centers and allowing retail real estate owners to generate higher rental rates, particularly for end caps and outparcels.

As Americans pay more attention to preventative healthcare, providers are no longer focused exclusively on treating patients when they’re sick, but also keeping them healthy. This increased emphasis on prevention and wellness has given rise to a wide range of tenants that find retail environments particularly attractive.

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