Western Region is Hotbed of Health Care Construction
More than half of architecture and engineering firms see the West Coast as the action market for health care construction in 2010 reveals a recent ZweigWhite survey, whose results are being published in the company’s quarterly “Market Advisor” report.
According to the health care survey, 28% of respondents are identifying the Southwest as the hottest geographic area, while 24% are pointing to the Northwest. The Northeast and the Midwest, both at 16%, also fared well. Only 4% respondents pointed to the international arena as where they see potential in 2010.
“Southern California is an active aging market,” says Edward Caruana, president of c|a Architects in Long Beach, Calif. “We feel health facilities, whatever complexion they take on in the future, will be needed in this busy area.”
Additional survey findings include:
- 37% of respondents are optimistic about health care being a hot market this year, but 40% are in the “wait-and-see” mode, and 23% are not touching it.
- 44% of respondents say new hospital projects will lead healthcare in 2010; a significant percentage (32%) say they will work mostly on renovations and upgrades, due to lack of funding for all-new facilities.
- 67% of respondents pointed to lack of financing as the biggest hindrance to this market in 2010.
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© 2012 Penton Business Media, Inc.
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