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The COVID-19 pandemic has taxed the capabilities and capacities of health care providers across the U.S. It has also made some consumers less willing to seek routine or elective care, due to their fear of the virus. However, the health care real estate market has remained strong in the Twin Cities, according to market stakeholders.
“Historically, health care had been so resistant to the ups and downs of the economy,” said Jill Rasmussen, a principal with the Minneapolis-based Davis Group. “But, with COVID, there have been challenges with some specialty groups,” including reduced activity at clinics and hospitals. “But the specialty groups are probably back to 95% to 100% of their pre-COVID volumes,” Rasmussen said.