A Quick Analysis of Major vs. Minor Markets
Revista’s mid-year construction report is about to come out, and ahead of its release, I’d like to dig into some of the stats. I’ve received a number of questions about …
Construction/Development
Are Healthcare REITs Increasing Their Construction Pipelines?
Recent history has shown that Healthcare REITs, as a group, have been generally reluctant to purse new development. There have been exceptions, but market participants have argued that construction is …
As Competition Heats Up, Investors Take On More Risk
Over the past year or so there have been many headlines speaking to how hot the medical real estate sector is. You see them pop up in your email or …
Breaking Ground in Medical Real Estate
Below are recent medical office projects that have broken ground. Olympic Medical Center has broken ground on a new 42,000 square foot medical office building on its campus in Port …
By This Measure There is Not Enough MOB Construction…
Health care real estate investors, developers and stakeholders use a variety of metrics to measure market density for medical office buildings. One measure, the amount of MOB square feet per insured population …
California is #1 in the Nation in Hospital Construction!
Revista recently held a webcast on the California medical real estate market and revealed that the Golden state is the far and away leader in hospital construction across the nation. As of …
Chicago MOB Market Building into Growth
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) …
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 . . .
Construction Slowing – Outpatient Deliveries Down 15% from 2016
2017 will have broken many records in terms of sales transaction activity in healthcare real estate, but it won’t in terms of new construction. Previously we’ve discussed how the volume …
Construction Slows in 1Q23
With 23.4M for MOBs and 27.7M for hospitals, both are falling off the highs seen in 2022.
Construction Starts have Remained Strong in Select Markets
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.
CPMC Van Ness Campus to Open March 2nd
2019 is expected to be a big year in terms of hospital project completions and the Sutter CPMC campus on Van Ness and Geary in San Francisco is one of …
Despite COVID-19 Pandemic, Healthcare Construction Numbers Remain Strong
Even though the professionals involved in MOBs correctly predicted that investor demand would remain strong for the product type during the COVID-19 pandemic, some involved in development expressed concern that construction numbers could fall as healthcare systems and providers would be forced to focus on a surge of patients instead of planning new projects.
Despite the Pandemic’s Effect, Healthcare Developers are Busy and Optimistic
Despite some delays and postponements of projects during the early months of the COVID-19 pandemic, a group of executives with some of the leading healthcare real estate (HRE) development firms are saying things are picking.
Developer Sales of MOBs are Highly Valued, But Somewhat Rare
What do large, institutional MOB investors look for when seeking purchases? For the most part, they prefer larger portfolios in order to add instant scale. They prefer properties occupied by …
Expect 2016 to be a BIG year for MOB completions…
There has been much talk about the shift towards outpatient care. While this trend is certainly occurring, the construction numbers tracked by Revista have generally been showing much more hospital …
Five Mega Projects Opening This Spring
Five construction projects scheduled to be completed this spring represent nearly $1.3 billion dollars and more than 1.6 million square feet. All five of the projects are hospitals; three of the five are …
For Community Based Building & Services, Flexibility is Key
Perusing the Wall Street Journal this weekend, I came across an interesting article: ‘Ok Boomer, Who’s Going to Buy Your 21 Million Homes‘. The article talked about the staggering number …