chi-newcity 3 (2) Structured Development’s NEWCITY project in Chicago has found that medical office blends well with many other retail uses.

CHICAGO—The senior population is growing and, increasingly, gravitating to the rental lifestyle. The number of Americans age 65 and older increased from 35 million in 2000 to 49.2 million in 2016, and experts predict this generation will live longer than previous ones, fueling an unprecedented housing boom that will also bolster other property types like medical office.