RevistaMed
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 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.
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 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
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).
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.
For healthcare tenants in costal markets such as Los Angeles, San Jose or San Francisco, it is understood that higher rent levels come with the territory. Historically hard to build, high demand markets on the coasts have allowed rent levels to build over the years. In fact, the 2 most expensive rent markets (of the top 50 metros) for MOBs in 3Q23 are San Jose ($45.81 avg NNN rent) and San Francisco ($41.00 avg NNN rent).
It is no secret that many healthcare services and procedures are increasingly moving towards an outpatient setting. Advances in technology, cost efficiencies and other factors have enabled this move which has led to consistent and steady growth of demand for outpatient space, and the underlying supply of such space. Revista normally tracks the supply/demand picture through its reporting of absorption, completions and occupancy rates.
Revista recently held its 3Q23 Subscriber Webinar. One of the topics discussed was rent inflation. The charts below show Avg. NNN and Avg. 90th percentile base rents for medical office …
Healthcare Real Estate (HCRE) spending on construction has established a recent peak in 2023. Revista tracks Hospital and Medical Office (or Outpatient Medical) construction based on total project values including land, hard and soft costs and buildout.
Revista recently held its 1Q23 Subscriber Webcast. Hilda Martin and Mike Hargrave of Revista were joined by Gino Lollio, an Executive Director with Cushman & Wakefield Healthcare Capital Markets. Over 230 subscriber lines registered for the webcast indicating a high level of interest in emerging trends we covered.
The inverted yield curve usually signals an upcoming recession. Rates have been rising dramatically for several months. Given the uncertainty, Revista decided to conduct a quick survey of major
When looking at the same-store growth measures in the report, a pattern has emerged in recent quarters. That pattern is increasing growth in same-store revenue growth, expense growth and NOI or net operating income growth.
he medical office transaction market is showing no signs of slowing down through the first quarter of 2022.
The Chicago Metro Medical Office Building (MOB) market has been rising on lower levels of completions and strong absorption all throughout the pandemic. Its occupancy rate is currently 92.4% (4Q21) …
In what is a remarkable recovery compared to other sectors, physician office employment is now fully recovered from its losses experienced during the Covid-19 Pandemic. We are showing a graph below …
The Federal Reserve (Fed) yesterday released updated economic projections including their expectations for the Fed Funds rate. To look at the potential impact on MOB cap rates, let’s review recent history.
Investors have been calling for increased transaction volumes within the MOB sector since the pandemic started to wane. If 3Q21 is any indication their calls have been right on the money.
The occupancy rate across medical office buildings located in the US top 50 metros climbed to 91.7% in 3Q21. This was up from 91.5% in 2Q21 and 91.3% one year ago.
The Covid-19 pandemic has had far reaching effects on many sectors of the US economy. While faring better than most sectors, the physician office sector has not been immune to the pandemic’s effects.
Cap rates for Medical Office Properties are continuing a trend of compressing during the past several years. Updated 2nd quarter, 2021 Revista data reveals the median MOB cap rate was 5.8%. This was down from 6% in 1Q21 and 6.3% one year ago.
In this post we are looking at 1Q21 Medical Office Building (MOB) performance for major metro areas located in California. Generally the California metros outperform the top 50 Metro benchmark …
MOB Construction Completions fall to Multi-Year Low Medical Office (MOB) construction completions, which were near peak levels just one year ago have fallen to multi-year lows as of the 1st …
Much has been made of private investors controlling the buying landscape in recent years. According to Revista, private investors have increased their share of overall MOB buying activity from 55% in 2019 to 69% in 2020 and 70% YTD in 2021.