Medical Office Rent Growth Accelerates
In the wake of record inflation, landlords have had increasing pressure to raise rents at a faster pace. Historically, MOB annual rent growth has been around the 2% mark, and …
Medical Office Sales Volume Still High, but Buyers are Changing
As REITs pull back on acquisitions and focus more on refining their portfolios, private equity groups have more than taken up the slack. Total healthcare real estate transaction volume may …
Metro Highlight – Charlotte
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 …
Metro Highlight – Houston
With a burgeoning population, no certificate of need requirement and an expanse of space in which to build – you might be led to believe that a Texas metro like Houston …
Metro Highlight – Minneapolis
Minneapolis is not even in the top ten metros when it comes to total number of medical properties in a market. In fact, it’s ranked at 13. Yet this unassuming …
Metro Highlight – Phoenix
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 …
Metro Highlight: San Francisco
In past metro highlights we’ve talked about growth markets with lots of construction activity, interesting markets with innovative health systems, metros with the highest sales volume, but what about the …
MOB Cap Rates Compress Across the Board
The overall average cap rate for outpatient medical buildings has previously remained steady at around 6.7% for a number of quarters. Last year we pointed out that although the overall …
MOB Construction Off Recent Highs in 4Q
After a several year upward trend in new medical office construction starts, 4Q22 will see a slight tick down in the annual run rate. In 2022, 24.7 million square feet …
MOB Construction Pipeline Grows throughout 2020
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 …
MOB Construction Starts Strong Despite Rising Costs
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 …
MOB Occupancy at Cyclical High Point while Office Continues Struggle
The office market continues to struggle with the volume of employees working from home or on a hybrid schedule coming out of the pandemic. Although historically viewed as a subsector of office, the dynamics of the users of medical office space are completely different.
MOB On Campus or Community Based? Opinions Differ by Owner Type.
We often discuss the premium associated with MOBs located on hospital campuses compared to those situated off-campus. The difference in cap rate can be significant. However, when examining MOB inventory …
MOB Project Delays Temper Deliveries, Starts Steady
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.
MOB Rent Growth Acceleration Slows in 2Q
Historically, Medical Office Building year-over-year rent growth has been right around the 2% mark. During the pandemic shutdowns there was a meaningful slowdown, but it rebounded shortly after as businesses …
MOB Transaction Volume Continues to Cool, Private Investors Still Lead Acquirers
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 …
MOB Transaction Volume Cools in 4Q, Cap Rates Creep Up
Data from the end of 2022 is beginning to reflect what many are feeling on the ground with a noticeable dip in MOB transaction volume and an upward creep in …
MOBs Can Weather a Storm
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 …
More Investors Shift Focus to Smaller Markets
With competition remaining at all-time highs for quality medical office assets, investors are increasingly looking toward smaller, growth markets for opportunities. In 2015, 44% of medical office transaction volume was …
Most Active Buyers of 2019
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 …
New Hospital Construction Picks Up
The construction pipeline of new and replacement hospital projects has been steadily increasing over the past two years. As of the second quarter, 45 million square feet of new hospital …
New Reports Available – Pivotal x Revista
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 …
NYU Langone Opens Kimmel Pavilion June 24th
One of the largest projects in the Revista database is about to open on June 24th after more than a decade of careful planning and execution. NYU Langone has been …
Over $27 Billion Under Construction in the Top Ten Metros
Construction Volume in $ Billions After review of construction projects in the top ten markets (ranked by population), we have uncovered over $27 Billion in construction activity. Included in this …