US medical clinics fill void in retail property

New York

WITH video stores and retailers closing their doors, retail real estate has had a tough half-decade. The cure? Urgent care clinics.

The clinics, storefronts staffed with doctors to treat common ailments or minor injuries, are filling vacancies left by struggling retailers such as RadioShack Corp and Best Buy Co as they close locations. They're moving into those street and shopping centre fronts at their fastest pace ever, according to Scott Mason, managing director of Cushman & Wakefield's healthcare group.