Revista 3Q24 Subscriber Webinar – Abridged Slides
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 . . .
The MOB Scene
Post-COVID Workplace Innovations and Solutions
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 . . .
Medical Office Building: Is “Office” the right term?
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:
Revista Partners with Pivotal Analytics to Provide All-Payer Data Reports
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 …
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 …
MOB Rents by Region
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 . . .
2Q2024 Snapshot
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 . . .
Population Growth = More Demand for MOB Space
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? …
Which Markets have the Largest Construction Pipeline Relative to Their Size?
Typically, when we report the top construction markets, markets are ranked by the total square footage that is under construction. In the table below we are instead sorting by this number relative to the market size. This highlights some of the smaller markets that have a lot of supply growth in the pipeline. Madison, WI . . .
Medical Office Inventory Growing at a Slower Rate
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 . . .
RevistaMed Updates the Size and Scope of the Medical Real Estate Sector 2024
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.
Construction is Strong for Behavioral Health and Rehab Hospitals
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 . . .
A look at the Columbus, Ohio outpatient real estate market
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.
2024 Outpatient Development Report
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 . . .
A Look at Revista’s Highest Occupied MOB Market
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
Product Feature – Entity Search
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 …
Cap Rates Move Up Again in 4Q2023
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 . . .
Here are the Top 10 Demand Markets for Medical Office as of 4Q23
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).