RevistaMed
In partnership with Health Care Real Estate Insights (HREI), Revista has published their annual outpatient development report. The 2024 report covers all medical outpatient real estate developments that either broke ground or completed in the previous year . . .
What direction has the MOB market been going in 2024? In this article we are focusing on the Top 100 metro areas. The table below shows a snapshot of the changes observed for key metrics in the second quarter of this year. Inventory continued . . .
The Revistamed Metro Rankings page provides an easy way to quickly measure the top 125 metro areas on key medical office metrics. The columns are sortable and users can also download the data to xls where even more columns will populate
Columbus, Ohio is the 21st largest market RevistaMed tracks in terms of outpatient or medical office square feet. Columbus has been in growth mode for the past few years from a healthcare real estate perspective.
The average cap rate for medical office building (MOB) transactions moved up to 7% in the last quarter of 2023. This is up 90 basis points from one year prior. A pricing gap between on and off campus MOBs remains, with on campus coming in 30 basis points lower at 6.7%. Despite the strong underlying fundamentals, investor demand is being limited by stringent capital conditions . . .
Recently, the number of new construction projects has been low for the medical real estate industry. However, certain property types have been going against the current and have seen higher activity than usual. Two that stand out are . . .
2023 was a slow year for medical office developments, with around 12 million square feet of projects that broke ground. This is about 45% lower than the average over the past decade. However, 12 million square feet is still a substantial increase in supply, and it is interesting to observe how different markets are reacting. In the graph below
Health systems have been buying back outpatient medical buildings from third party investors at a faster clip in the last two years than in the past. This phenomenon is somewhat counterintuitive given the increase in interest rates since 2022 and lower operating margins in healthcare . . .
During the presentation we discussed the top 10 demand markets (out of the largest 125). We ranked the markets top to bottom based on trailing twelve month (TTM) net absorption (defined as TTM absorption minus TTM completions).
Recently there has been discussion about changing the term “Medical Office Building” (MOB) to an alternative that does not include the word office. In order to gauge our industry’s thoughts, Revista’s Rising Leaders Council (RLC) worked on a survey that went out last month, which had the following results:
Over the past year or two, new construction projects have faced the headwinds of elevated labor, material, and financing costs. Because of this, we are now seeing inventory growth running at a slower pace. The graph below shows the amount of MOB square footage that finished construction on an annual basis, as a percentage of the inventory. The average over the past 10 years is about . . .
Which regions have the highest rents? According to the following graph, which covers the largest metro areas across the U.S., the Pacific region is the outlier. In 2Q24, the Pacific had asking rents 29% higher . . .
For the first time, Revista and Pivotal are bringing together the largest medical real estate database and All-Payer Claims data to provide unparalleled intel into property level tenant risk and …
Long-time owners of healthcare properties have recognized this phenomenon for a while – tertiary markets offer high occupancy and high probability of renewal – contrary to conventional investment wisdom in . . .
Did you know that Revista tracks both On and Off Campus medical office buildings (MOBs)? And starting in 2025 we will also track adjacent to campus MOBs. On and Off Campus MOBs have different operating characteristics particularly regarding ground leases and . . .
he outpatient real estate sector is large and diverse. The terms Medical Office Building (MOB) or Medical Outpatient Building (also MOB) are often used to describe the main property types in the outpatient sector. In all, the MOB sector comprises over 1.6 billion square feet (SF) across . . .
When developing an investment strategy, many investors will focus on geographic areas that have a high level of population growth. But does population growth translate into more demand for space? …
In the aftermath of COVID-19, companies have faced numerous challenges related to recruiting, retention, benefits, compensation, and more. Over the past four and a half years, the corporate landscape has experienced a roller coaster of events, beginning with the lockdowns in March 2020. Following that, there was a . . .
Did you know Revista tracks transaction activity by investor type. Through the RevistaMed transactions database, subscribers can see in real time what types of transactions and what types of investors are active in the market. The database is updated daily and includes . . .
Revista’s Entity Search is a large database of over 10,000 healthcare real estate owners, developers, providers and health systems. Search by location, number of properties or entity type to retrieve …
Last week, Revista held its subscriber webinar for 3Q24. For a limited time, an abridged version of the slide deck will be available as a free resource at the following link . . .
Arnold, MD, September 9, 2024 — Revista , a leading provider of local and national-level real estate data to support new business development, underwriting, portfolio maintenance, and investment strategy; announced today that …
Revista has updated its annual look at the size and scope of the health care real estate sector. This update measures the real estate size and value of general acute care hospitals and outpatient buildings across the contingent United States.
Revista held its 4th quarter, 2023 subscriber webinar recently. During the webinar, it was reported that occupancy rates were continuing to rise for Medical office properties in the top 50 metros.