Healthcare N Illinois
Ryan Companies breaks ground on Elmhurst healthcare building

Ryan Companies breaks ground on Elmhurst healthcare building

Ryan Companies, U.S., Inc. will build a new, 29,000-square-foot professional building and clinic for Edward-Elmhurst Health in Elmhurst, IL. The two-story, Class A clinic will be constructed downtown, adjacent to the existing Elmhurst Clinic, and will modernize healthcare delivery for patients in Elmhurst and the surrounding area. Construction will begin in March and is expected to be completed by the end of the year.

Healthcare N Illinois
Mercyhealth Systems’ proposed micro hospital in Crystal Lake, IL.

The trend in healthcare: smaller and more specialized

Healthcare is one of the strongest parts of the economy right now. According to the U.S. Bureau of Economic Analysis, it is the nation’s largest sector by number of employees, having just surpassed the retail trade. Lest one think that this is due to retail’s woes, healthcare has been on an unflinching increase for decades. The industry even added new jobs every month during the recession.

Healthcare N Illinois
Northwestern’s Simpson Querrey Biomedical Research Center

Life sciences real estate is booming

Every industry is contending with technological disruptors, and the life sciences are no different. The commercial real estate industry is front and center in this disruption, according to CBRE analysis, and Chicago in particular is poised for growth.