• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
  • Blog
  • Free Resources
RevistaMed

RevistaMed

  • About
    • Meet Revista
    • Advisory Board
    • Partners
    • Press
    • Rising Leaders Council
    • Sponsorship
    • Contact Us
  • Events
    • 2026 Revista Medical Real Estate Investment Forum
    • Subscriber Webinar
  • Why Subscribe?
    • Schedule a Demo
    • Revista x Pivotal
    • Featured Products
    • Business Development
    • Underwriting & Due Diligence
    • Asset Management
    • Capital Markets
    • Site Selection & Development
    • Leasing
  • Subscriber Login
Home / Construction/Development / 2019 Continues with Flurry of Hospital Deliveries

2019 Continues with Flurry of Hospital Deliveries

September 26, 2019 by Hilda Martin Topics: Construction/Development, Industry News, Leasing/Property Management, Mergers/Acquisitions, Real Estate Financing/Capital Markets

While MOB transaction activity might have cooled somewhat and MOB construction remains steady, deliveries of hospital projects have been on a spike. Based on projects that have either opened or are scheduled to open by the end of the year, we will be adding roughly 35 million square feet to inventory in 2019. This is up from around 24 million added in 2018. These projects span across the country and although they come in all sizes, the volume is due in part to a number of behemoth projects finally coming to fruition. Eleven projects opening this year comprise of half a million square feet or more (!). That’s 22% of what’s opening in just those projects. A perfect example is the new Stanford Hospital which is in final preparations for opening in October. The project cost $2 billion, makes up 824,000 square feet and meets California’s new seismic safety requirements. Construction began in the spring of 2013.

Of the 297 projects opening this year, 74 are brand new or replacement hospitals. Roughly 30 of those are micro hospitals, but the rest range in size with an average of 261,000 square feet. The lion’s share continues to be expansion projects on existing hospitals – roughly 63% of the square feet being delivered. These projects vary but many hospitals are adding patient towers with all private rooms, expanding their emergency rooms and adding/expanding surgical suites. Stay tuned to keep on top of these trends and more!

Largest Hospital Projects Opening in 2019
Hospital Projects Opening in 2019
Hilda Martin
Hilda Martin

Other Articles by Hilda Martin:

    • MOB On Campus or Community Based? Opinions Differ by Owner Type.
    • New Reports Available – Pivotal x Revista
    • Population Growth = More Demand for MOB Space

Previous Post:MOB Q2 Sales Drop 29 Percent From a Year Ago…But Sales Still Have a Chance to Top $10 Billion in 2019
Next Post:Healthcare Realty Trust is Finding MOB Acquisition Opportunities to its Liking

Sidebar

Topics

  • Construction/Development
  • Industry News
  • Leasing/Property Management
  • Mergers/Acquisitions
  • Policy/Legislation
  • Real Estate Financing/Capital Markets
  • Revista Best Practices
  • Revista News
  • Sponsor Spotlight
  • Transactions
  • Uncategorized

Archives

RSS Recent Blog Posts

  • MOB Construction Update May 29, 2025
    MOB construction has been slower than usual in 2025. Less projects are breaking ground than are completing, so the pipeline has been shrinking. In recent times, inventory has typically grown around 1.5% annually. Over the past year MOB inventory has grown . . . The post MOB Construction Update appeared first on RevistaMed.
    Stephen Lindsey
  • The Return of the Portfolio Premium May 27, 2025
    The graph below displays Average MOB cap rate trends for Portfolios vs. Single Properties.  From 2017 through 2022, the Average Cap Rate for MOB Portfolios was 63 basis points lower than single MOB properties that traded. The post The Return of the Portfolio Premium appeared first on RevistaMed.
    Mike Hargrave
  • Limited Transaction Volume to Start 2025 April 29, 2025
    The preliminary 1Q25 numbers are in, and they show that transaction volume has been slow to kick off the year. $1.5 billion worth of MOBs traded in the 1st quarter, and $8.9 billion traded over the past year. This suppressed level of activity is . . . The post Limited Transaction Volume to Start 2025 […]
    Stephen Lindsey
  • A Look at 1Q25’s highest occupied Medical Office Market April 28, 2025
    That’s right!  With a 1Q25 occupancy of 96.9%, Asheville NC is the highest occupied market of the largest 125 metros RevistaMed tracks each quarter.  Asheville, which is still recovering from the effects of Hurricane Helene in September of 2024, can find strength within its healthcare market and within the MOB sector. The post A Look […]
    Mike Hargrave

Other Free Resources

Industry Directory

Search for and/or list your medical real estate services in Revista’s medical real estate directory.

Reports & White Papers

Download free reports & white papers on medical real estate.

Add Lease/Sale Listing

Revista provides free lease/sale listings for healthcare real estate.

Ready to Schedule a Demo?

Get in Touch Now
  • Why Subscribe?
  • Events
  • The MOB Scene
  • Add A Directory Listing
  • Add Lease/Sale Listing
  • Contact Us
  • Sponsorship
  • About
  • Data Terms of Use
  • Sponsorship Terms
  • Press

SIGN UP FOR MOB SCENE NEWSLETTER

  • Twitter
  • Facebook
  • LinkedIn