Texas 2023 Year End White Paper
The DFW healthcare real estate market showcased an impressive performance offering 37.1 million square feet of available space. Ongoing construction totaled 1.17 million square feet, while the sales volume was down over 75%, yet still ranks as the top third performing metro following LA and Chicago. Significant transformation is driven largely by HCA Healthcare’s expansion of Medical City, now a 19-hospital system. Workforce shortages challenges the city’s efforts in creating healthcare jobs to meet the demands of the increasing population from relocating workers as well as the aging population. One notable project in our “Featured New Construction” is Texas Women’s University Health and Science Center which will boost student degrees in the healthcare field such as nursing, physical therapy, and occupational therapy.
As The TICI Group of Companies moves forward, the shareholders are reminded that it all began over a century ago with a vision of Lucretia Mendiola in 1911. It is instilled in the same vein for the third generation to deliver the same values, work ethic and integrity for generations to come.