Future of Real Estate
Hey everyone, I’m interested in real estate acquisitions and development within the healthcare / medical office niche.
It seems that with the current market environment everyone on this site is very pessimistic about the outlook on real estate. As someone not in the industry, can anyone shed light on whether this pessimism is focused on real estate as a whole or is exclusive to specific niches? How is the outlook on the healthcare real estate space?
Would you recommend pursuing healthcare PE or healthcare RE considering tailwinds and market trends?
It's focused on real estate as a whole. That doesn't mean you shouldn't pursue it though.
Real estate is an incredibly cyclical industry and we're currently in the down part of that cycle. For almost everyone on this website, including old heads like me who were in college during the Great Recession, it is quite literally the first major slump in our professional careers, and it also hurts a whole lot more since the highs many of us experienced were arguably one of, if not the highest highs in history.
It'll come back. When? Your guess is as good as mine. I wouldn't pick a career based on current trends either way. If healthcare PE and healthcare RE are what you're interested in, apply to both and see what happens. The job market may make the decision for you.
You seem young, so there is plenty of time for more cycles to do its thing. It's good you are witnessing one right now as it's necessary for the industry and its professionals. More specifically, healthcare and healthcare assets are not going anywhere. There is the continued aging of boomers and during your professional career, you will see many millennials trending that way as well.
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