The Growing Role of Outpatient Facilities in Healthcare Real Estate’s 2025 Landscape

If you’ve been watching healthcare trends closely, you’ve already seen it: hospitals are no longer the center of the universe.

In 2025, more procedures, consultations, and treatments are being done at outpatient centers than ever before. From urgent care to specialty surgery to imaging—outpatient care is booming.

So what does that mean from a real estate perspective?

For one, it’s changing the types of properties investors and operators are looking for. Gone are the days where a massive hospital campus was the only target. Now, 20,000 sq. ft. surgery centers in the suburbs or multi-tenant MOBs with high-performing outpatient tenants are just as valuable—sometimes more.

This shift also impacts valuation. Unlike a hospital or inpatient facility, outpatient properties often come with shorter lease terms, more tenant turnover, and lower infrastructure demands. But when the tenant is strong—say, a regional health system-backed imaging center—the value holds firm.

From a valuation and advisory standpoint, this requires a nuanced approach:

• Understanding payer mix and reimbursement trends

• Evaluating operator strength and referral pipelines

• Factoring in expansion capacity and zoning flexibility

Outpatient is here to stay. The key is knowing how to underwrite it correctly.

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The game is shifting. Let’s help you stay ahead.