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More medical-related space is scheduled to open in Orlando next year than in at least the previous four years combined, a new report shows.

Cushman & Wakefield this week released its first report tracking the medical office market for the four-county Orlando metropolitan area and projected that more than 2 million square feet of hospital and health-care office space will open in the region next year. Typically, the market gets about a fifth of that amount.

"Just about every hospital is adding new towers," said Anne Spencer, a Cushman & Wakefield director who compiled the report over the course of a year. "Most of the new construction over the next 12 to 24 months will be done by a hospital system, not by physicians' groups."

Construction includes new Florida Hospital facilities in Apopka and south of Winter Garden. In addition, about 100,000 square feet of medical office space is to come on line at Lake Nona's Medical City in southeast Orlando. The 46-page report includes construction of both hospitals and doctors' offices but focuses primarily on vacancies and lease rates for about 11 million square feet of medical offices within Orange, Lake, Seminole an Osceola counties.

The Orlando office of the real-estate brokerage expects to release quarterly reports tracking the amount of medical-related office space in the market an indication of the growth of that specialty market with construction at Medical City and the expansion of Florida Hospital throughout the region.

Tampa-based RJ King & Associates specializes in medical office properties in Tampa and Orlando and tracks the sector, but the new Cushman and Wakefield report goes further in looking at the emerging trend of retail-style medical offices that are closer to patients' homes than to hospitals.

"It's changing," Spencer said. "Historically, medical offices were always built near hospitals. But now, with the advancement of technology, we're seeing a lot of ambulatory surgery centers and other medical go into retail [space]."

The decentralization of medical space not only puts physicians closer to patients, it also allows them greater marketing opportunities by putting their names on buildings, she added.

In other parts of the country, Spencer said, the amount of medical space is contracting but population growth in the Orlando area has driven the need for more health-related real estate.

Owen Beitsch, senior principal for Real Estate Consultants in Orlando, said the health-care landscape is changing so quickly, from the national level down, that it's difficult to predict how medical needs will be met in the future. But it has been evident in recent years that physicians have had a growing presence in satellite offices in the suburbs, he added.

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Health-care space growing quickly in Orlando, report finds

The four-story building had been a headache - and a biohazard bonanza, with mold, fungi, vermin, asbestos and other problems - for neighbors, including the Freire Charter School.

The high school shared a wall with the annex, and school administrators had pleaded for years with the city - the Redevelopment Authority had owned it since 1993 - to remediate or raze the hazardous hellhole.

At last week's groundbreaking, Freire's student-body president, Tyrone Williams, thanked the developers and politicians gathered, including Mayor Nutter, City Council President Darrell Clarke and Councilwoman Jannie Blackwell.

"In a world where money and profits seem to be the focus, it is refreshing when you see the focus being placed on bettering the community," Williams said.

Aquinas Realty Partners bought the site from the city for $800,000 and named the project AQ Rittenhouse.

The 12-story tower will include space for Freire, a bicycle-repair shop and storage, rooftop grills and fire pits, a center courtyard, a 24-hour doorman and concierge, a Wi-Fi cafe, a restaurant and other ground-level retail.

It's expected to be completed this fall.

Center City is Philadelphia's fastest-growing residential neighborhood, according to the Center City District. Residential population downtown grew by more than 10 percent from 2001 to 2011, the district found in a 2011 report.

On Twitter: @DanaDiFilippo

Blog: phillyconfidential.com

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C hapel Hill and Carrboro should consider implementing tax-based incentives to promote the development of additional office space.

With businesses struggling to find suitable office space in the two municipalities, this would help to offset some of the inconveniences of local bureaucracy that make building office space so unattractive to developers.

The extended time that it takes to get projects approved by the local governments is one such significant barrier to development.

The incentives, while initially decreasing the municipalities tax revenue, would ultimately have a positive impact on the local economy.

Additional office space would attract new businesses to the area while also ensuring that some businesses wouldnt be enticed to leave when trying to find space to expand. The additional economic activity provided by these firms, which could be taxed, would make up for any funds lost during the construction of the buildings.

Recent construction in the area has largely been centered on additional housing and retail space.

While the planned University Square redevelopment pledges to diversify the nature of its buildings use, including office space, other developments such as 140 West Franklin have neglected to allot similar space.

Even a single floor of office space in the latter development could have been hugely beneficial, and with the somewhat slow selling of the condominiums, it doesnt seem as though the residential plan was a complete success.

Businesses looking to relocate to Chapel Hill are essentially at the mercy of developers, and incentivizing these developers to create space for them would benefit both the local economy and the businesses.

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Opinion: Tax incentives for office space would draw more firms

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