ASCs are commanding the highest rent increases of any outpatient facility type, with rents climbing more than 8% even as leases surged 145% between 2022 and 2025, according to a March 26 report from real estate company CBRE.
Here are five more notes to know:
1. Growth is broad-based across healthcare real estate. Single-specialty occupier leases rose 55% over that period, while diagnostic lab leases climbed 38%, behavioral health 32%, primary care and internal medicine 16%, and multispecialty outpatient providers 11%. Imaging and radiology posted the slowest growth at 4%.
2. Within single-specialty leasing, orthopedics dominates with 22% of leases signed, followed by oncology (11%), cardiology (7%), and ophthalmology and cosmetic surgery (6% each).
3. Fertility, dermatology, and urology each account for 5-6%, while gastroenterology, gynecology and nephrology represent smaller but active shares of the market.
4. According to the report, reimbursement pressures, patient demand for convenience and advances in medical technology are driving the broader expansion outpatient. Together, they are accelerating a more decentralized healthcare delivery model built around accessible, lower-cost outpatient facilities.
5. ASCs, with their specialized infrastructure requirements, have seen the steepest rent escalations over the past three years. Behavioral health providers and other specialty practitioners, which can operate in conventional office space, have experienced comparatively modest rent growth.
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