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New Hospitals Signal Pickup in US Medical Building Demand

National Healthcare Construction May Reach Highest Growth Rate in Past Five Years

Texas Children's Hospital, a Houston-based nonprofit healthcare system, is expanding in Austin, Texas. Pictured is a Texas Children's doctor in an existing specialty clinic in Austin. (Texas Children's Hospital)
Texas Children's Hospital, a Houston-based nonprofit healthcare system, is expanding in Austin, Texas. Pictured is a Texas Children's doctor in an existing specialty clinic in Austin. (Texas Children's Hospital)

Several new hospitals are in the works for Austin, Texas, as national healthcare construction is expected to reach its highest growth of the past five years, a positive sign for the U.S. economy and real estate industry in the pandemic.

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