RevistaMed
A significant portion of outpatient construction has been concentrated in top markets in recent quarters. As of 3Q21, 15.3 million square feet, or 32% of the entire US pipeline of medical office construction was located in just 10 metros.
Although hospital construction has certainly been affected by the pandemic, most of that impact has been on the expansion of existing hospitals, not the construction of brand new ones. As …
MOB project completions continue to slow in 2Q, down to 17 million square feet in annual deliveries. This is the lowest pace of deliveries in the last 6 years and represents a 32% decrease from the annual run rate of 25.1 million SF in deliveries in 1Q2020- just before the onset of COVID and all the related shutdowns, restrictions and labor shortages.
Independent physician groups continue to monetize their real estate assets, reliably selling $1B+ in assets annually. As competition remains fierce for deals in the sector, this segment continues to be a source of opportunity for investors
We\’ve all been hearing about the significant uptick in materials and labor costs associated with construction over the last number of months, particularly lumber which has been the focus of …
After finishing out 2020 with one of the strongest volume quarters in recent years, 2021 is off to a quiet start. $1.8B in MOB transactions closed in the first quarter, …
The medical office building sector has held up remarkably well during the COVID-19 pandemic and continues to be an attractive asset class to investors for it’s resilience. Occupancy has remained …
Despite all the difficulties of the pandemic in 2020, medical office transaction activity still kept pace with previous years. Total sales volume cleared $11.2B and these top buyers represented almost …
In the past, the lion’s share of MOB development has been self developed by the hospital system or provider. In fact historically, third party development has only represented around a …
Despite the challenges this year with COVID-19, medical office projects continue to break ground. Openings are not keeping pace, resulting in an in-progress pipeline that continue to grow. As of …
In March, when most of the country shut down in order to slow the spread of COVID 19, when one needed to see the doctor, in many cases the only …
Phoenix is an investor favorite for sure. While nationwide roughly 65% of medical office space is user owned, in Phoenix only 30% is user owned. A whopping 70% of inventory …
In 2020, things are certainly changing a mile a minute. But let’s take a look back to 2019 and the investors who most actively acquired MOBs. Welltower takes the title …
2019 was a big year for medical office construction starts. 28.8 million square feet broke ground during the year, the most in a year since Revista has been tracking it. …
Despite mounting stay-at-home orders and market turbulence throughout the month of March, medical office building sales ended the quarter up from a year ago. Preliminary data show $2.4B changed hands …
Last year 77 medical office projects started that will be over 100,000 square feet when completed. That’s quite an uptick over previous years when we averaged less than 50. The …
Perusing the Wall Street Journal this weekend, I came across an interesting article: ‘Ok Boomer, Who’s Going to Buy Your 21 Million Homes‘. The article talked about the staggering number …
There are currently about 600 medical office projects under way across the country. More than 15 percent of those projects include orthopedics. Why do so many projects include this specialty? …
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 …
In recent weeks we’ve seen significant volatility in the stock market along with increasing fears of a recession. After all, this is now the longest market expansion in history. It …
2019 MOB deal volume continues the cooling trend after coming off historical highs in 2017. Preliminary data shows 375 MOBs traded in the first half of 2019 representing about $4.4 …
In the past twelve months, over 21 million square feet of medical office space have been delivered across the country. More than 35% of that has been condensed in 10 markets. Chicago …
Ah Charlotte. She’s been miss popularity for a number of years now. Although 22nd in rank for population, Charlotte is one of the fastest growing cities in the nation. Over …
Hospital construction across the US is in the midst of a delivery spike as many projects, both new hospitals and additions, open this year. We are on track to open …