What do three recently sold retail buildings in the New York metropolitan area have in common? They’re all occupied by CityMD, the chain of walk-in medical clinics in and around the city that became a one-stop shop for COVID-19 testing in the pandemic, Modern Healthcare reports.
The emphasis on healthcare during the past 19 months has turned these companies into attractive tenants for landlords looking to acquire retail real estate. “Healthcare retailers have traditionally been one of the most resilient, top-performing tenant categories and one of the few to experience accelerated demand during the pandemic,” said James Nelson, head of tristate investment sales at Avison Young. Read more.
