Subway in Shoppes at Woolbright in Boynton Beach, FL

The Shopping Center and Well-Being Connection

May 24th, 2019

By Steiner + Associates

LAS VEGAS—On the “here comes health care” panel at ICSC RECon 2019, panelists talked about how consumers want greater service and support from their healthcare provider and with that comes the convenience of adding providers in shopping centers. According to a recent retail report from JLL, for example, shopping centers have realized that healthcare services fit many of today’s retail center goals by bringing in patients and employees who will frequent its other stores and restaurants.

According to JLL’s Healthcare group, there has been a 47% growth in healthcare retail clinics in the past three years and the number of retail locations could double by 2022.

Panelist Yaromir Steiner, founder and CEO of Steiner + Associates Inc., who builds shopping centers, talked about the connecting between shopping centers and well-being. He mentioned that his centers try bringing in wellness programs like yoga and play areas and include social charity events as well to add that component of wellness into his centers. For Steiner, there are two types of synergies between health and retail. The question of whether he has space he can offer that makes sense and whether or not it matches the objectives of both parties. “Does it create a business opportunity? And are we using our real estate as a way of connecting with healthcare?”

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