RevistaMed
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 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 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 . . .
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.
How have rising construction costs affected rents? Revista’s construction data continues to show increases in the cost of building an MOB. The average cost per square foot came in at $549 for completed MOBs in 2024. That is a . . .
Typically, the transaction stats we look at are only for MOB trades that are at least $2.5 million. However, we do have data on a solid portion of the smaller deals. In the chart below we compare cap rates based on the property price, including those under $2.5M . . .
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 …
The amount of new MOB construction has fallen since the peak in 2022, and the back end of 2024 was no exception. With right around 14 million sf breaking ground in 2024, the blue bar chart clearly shows 2024 had less than . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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:
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 …
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 …