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Home / Construction/Development

Construction/Development

HCRE Construction Spending Peaks in 2023

September 21, 2023 by Mike Hargrave

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.

Read moreHCRE Construction Spending Peaks in 2023

MOB Construction Projects, Are All Types being Affected Uniformly?

August 29, 2023 by Stephen Lindsey

If you have been staying up to date with Revista’s most recent construction data, you know that over the past few quarters, construction has been down across the board. However, the magnitude of the depression may depend on the characteristics of the project.

Read moreMOB Construction Projects, Are All Types being Affected Uniformly?

High Demand in the Sunbelt, Phoenix Tops the List

July 27, 2023 by Hilda Martin

The Northeast and Pacific Coast markets have always had some of the highest occupancy rates for medical office buildings being the more expensive, high barrier-to-entry cities. However, considerable growth in …

Read moreHigh Demand in the Sunbelt, Phoenix Tops the List

MOB Construction Continues to Drop in 2Q23

June 22, 2023 by Stephen Lindsey

Recently we’ve been observing a downward trend, which has been reinforced by the current quarter. On a quarterly basis, 2Q23 only had around 2 million square feet start construction.

Read moreMOB Construction Continues to Drop in 2Q23

2023 Outpatient Development Report Recap

May 25, 2023 by Stephen Lindsey

When looking at all outpatient projects, Hammes developed the most with a count of 12, for a total of 769,658 sf.

Read more2023 Outpatient Development Report Recap

2022 Top Outpatient Developers – Developer Owned Projects

April 19, 2023 by Stephen Lindsey

Overall, Revista tracked 44.9 million square feet of outpatient developments in 2022, with 18.8 million (42%) being done by third-party developers

Read more2022 Top Outpatient Developers – Developer Owned Projects

Construction Slows in 1Q23

March 30, 2023 by Stephen Lindsey

With 23.4M for MOBs and 27.7M for hospitals, both are falling off the highs seen in 2022.

Read moreConstruction Slows in 1Q23

Rehab Hospital Projects Maintain Strong Pipeline

January 31, 2023 by Stephen Lindsey

Despite economic headwinds, rehabilitation hospitals have seen escalated development over the past couple of years. The chart below focuses on the scope of projects that started construction each year. We …

Read moreRehab Hospital Projects Maintain Strong Pipeline

MOB Construction Off Recent Highs in 4Q

December 21, 2022 by Hilda Martin

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 …

Read moreMOB Construction Off Recent Highs in 4Q

Construction Starts have Remained Strong in Select Markets

November 29, 2022 by Stephen Lindsey

If we look at construction starts over the past year, we can see that a handful of markets have remained very strong despite increasing market headwinds. At a national level, annualized construction starts have been stable throughout 2022, hovering around 26 million square feet.

Read moreConstruction Starts have Remained Strong in Select Markets

3Q MOB Construction Pipeline Hits 51 million SF as Opens Remain Low

September 29, 2022 by Hilda Martin

Medical office construction dynamics continue to show the effects of delays related to labor and supply shortages. Another quarter of lower than usual deliveries resulted in the under-construction pipeline growing …

Read more3Q MOB Construction Pipeline Hits 51 million SF as Opens Remain Low

San Jose & Las Vegas Top Markets for MOB Rent Growth

August 30, 2022 by Hilda Martin

With continuing record inflation, the ability to raise rents is top of mind for many commercial real estate investors. One might be tempted to think that areas where overall inflation …

Read moreSan Jose & Las Vegas Top Markets for MOB Rent Growth

MOB Construction Outlook

June 23, 2022 by Stephen Lindsey

With the cost of construction materials continuing to rise, and interest rate hikes on the horizon, how will new MOB developments be affected?

Read moreMOB Construction Outlook

New Hospital Construction Picks Up

May 26, 2022 by Hilda Martin

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 …

Read moreNew Hospital Construction Picks Up

Strong Absorption in 1Q Pushes Occupancy Higher

April 27, 2022 by Hilda Martin

2022 certainly kicked off at high speed with almost 3 times the space delivered being absorbed in the quarter. 4.3 million square feet of space was absorbed/newly occupied and 1.4

Read moreStrong Absorption in 1Q Pushes Occupancy Higher

Chicago MOB Market Building into Growth

February 24, 2022 by Mike Hargrave

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) …

Read moreChicago MOB Market Building into Growth

MOB Sales Were Strong in 3Q; Sector Continues to Perform Well

October 28, 2021 by John B. Mugford

During Revista’s recent 3Q webcast, Principal Mike Hargrave data showing that the volume in the third quarter was, preliminarily, $4.6 billion, the second highest quarterly total – behind the $4.9 billion of sales in Q2 2017 — since Revista began tracking such data in 2015. 

Read moreMOB Sales Were Strong in 3Q; Sector Continues to Perform Well

Top Ten Markets for MOB Construction

October 26, 2021 by Hilda Martin

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.

Read moreTop Ten Markets for MOB Construction
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  • MOBs Located on a Hospital Campus vs. MOBs Close to a Hospital Campus. Is there a Difference? September 21, 2023
    Historically, Revista has categorized medical office buildings (MOBs) into two categories, on a hospital campus or off. However, recently Revista has developed a third category, adjacent. These are the properties that fall within a quarter mile of a hospital campus footprint. Conventional thought suggests that on-campus assets demand a premium, but what about the buildings […]
    Stephen Lindsey
  • HCRE Construction Spending Peaks in 2023 September 21, 2023
    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. The post HCRE Construction Spending Peaks in 2023 appeared first on RevistaMed.
    Mike Hargrave
  • MOB Rent Growth Acceleration Slows in 2Q August 30, 2023
    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 … The post MOB Rent Growth Acceleration Slows in 2Q appeared first on RevistaMed.
    Hilda Martin
  • MOB Construction Projects, Are All Types being Affected Uniformly? August 29, 2023
    If you have been staying up to date with Revista’s most recent construction data, you know that over the past few quarters, construction has been down across the board. However, the magnitude of the depression may depend on the characteristics of the project. The post MOB Construction Projects, Are All Types being Affected Uniformly? appeared […]
    Stephen Lindsey

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