RevistaMed
2023 was a slow year for medical office developments, with around 12 million square feet of projects that broke ground. This is about 45% lower than the average over the past decade. However, 12 million square feet is still a substantial increase in supply, and it is interesting to observe how different markets are reacting. In the graph below
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 has posted the 2020 Outpatient Development Report for subscribers as well as a complimentary data brief (link provided below). Development activity was strong in 2019. Overall, 53.3 million square …
We have recently updated our medical real estate database covering the southeast U.S. on www.revistamed.com. One market that has a fair share of MOB activity is Atlanta, GA. Yes, investors such as …
2019 was a big year for medical office construction starts. 28.8 million square feet broke ground during the year, the most in a year since Revista has been tracking it. …
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).
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 …
There are currently about 600 medical office projects under way across the country. More than 15 percent of those projects include orthopedics. Why do so many projects include this specialty? …
Hospital construction across the US is in the midst of a delivery spike as many projects, both new hospitals and additions, open this year. We are on track to open …
Doctor visits will increase 217.6% faster than the population in Los Angeles, Orange, Riverside, San Bernardino, and San Diego Counties. That’s according to an analysis prepared for the California Hospital, …
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 . . .
We recently participated in a podcast with Institutional Real Estate Investor (IREI). The link to access the podcast is https://irei.com/video-and-podcast/shop-talk-investing-medical-office-buildings/. Shop Talk: Mike Hargrave on medical office buildings How large …
You’ve probably seen the Revista chart on ownership makeup across the US. The one that shows 75% of outpatient inventory is owned by the user: physicians, providers and hospitals. This …
Past and Projected MOB SF Delivered by Year Past and Projected MOB SF Started by Year Every year we have seen an increase in the …
Classic economic theories establish a clear relationship between supply and demand for many goods and services. In real estate circles the theory says that as prices rise, demand (or occupancy) …
Once again, as has been the case for the last seven years, Oakland, Calif.-based Kaiser Permanente, the giant health insurance firm and healthcare services provider, remains the largest owner of real estate among healthcare-related entities in the United States.
In March, when most of the country shut down in order to slow the spread of COVID 19, when one needed to see the doctor, in many cases the only …
Did you know that Revista tracks medical real estate construction? Yes, it does track both Hospital and Medical Office construction across the United States. We finished the initial count of …