Revista to Debut Trends for the Top 50 Metros and host 2nd Quarter Webcast on 7/31.
Revista has been hard at work collecting data on medical properties in the top 125 metro areas for several years. As a result, we are very excited to be able …
Leasing/Property Management
Rising Rents for Newly Built MOBs
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 . . .
San Jose & Las Vegas Top Markets for MOB Rent Growth
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 …
Secondary Markets Less Affected during Pandemic
The medical office building sector has held up remarkably well during the COVID-19 pandemic and continues to be an attractive asset class to investors for it’s resilience. Occupancy has remained …
Strong Absorption in 1Q Pushes Occupancy Higher
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
Strong Fundamentals in Florida Markets
Florida was the fastest growing state in 2022 with a total increase in population of 1.9%. Just about all of this growth is made up of migration into the state …
The Divergence in Base Rent Trends
The idea of a K-Shaped economy is a much talked about topic these days. The concept is that higher earners are doing quite well while those in lower to middle income brackets are struggling with stagnant wages and higher costs.
The New York Metro MOB Market is on the Upswing!
The New York (NYC) metro medical office market (MOB), which saw its occupancy rate fall as a result of the Covid-19 outbreak, is now on the rebound. NYC’s MOB market, prior to the pandemic was extremely tight and hovered around 94%.
The Revista 4Q23 Subscriber Webinar – Abridged Slides
Revista held its 4th quarter, 2023 subscriber webinar recently. During the webinar, it was reported that occupancy rates were continuing to rise for Medical office properties in the top 50 metros.
Three Big Portfolios to Meet Big Investor Appetites
The bread-and-butter medical office building (MOB) deal continues to entail the sale of a single building for a price of less $20 million, often quite a bit less. Such deals, …
Top Markets for MOB Construction
In the past twelve months, over 21 million square feet of medical office space have been delivered across the country. More than 35% of that has been condensed in 10 markets. Chicago …
Top Ten Markets for MOB Construction
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.
Top Ten MOB Buyers of 2020
Despite all the difficulties of the pandemic in 2020, medical office transaction activity still kept pace with previous years. Total sales volume cleared $11.2B and these top buyers represented almost …
What Was Revista’s Most Active Metro in 2017?
Continuing focus on high medical office sales activity might lead one to wonder where all this activity is occurring. In 2017, more than 25% of sales volume was represented in only …
Which Counties are Rapidly Increasing Healthcare Output?
Healthcare Gross Domestic Product (HGDP) is measure of the monetary value of healthcare output. In the charts above, we are looking at growth in real HGDP for each county over the past decade. Real HGDP is inflation adjusted to provide a better view on . . .
Which Markets are Investors Gaining Share of Outpatient Real Estate?
In the table below we compare these two numbers for each of the Top 50 markets and rank them by the largest shift towards investor-ownership relative to the markets size. Birmingham tops the list with a net . . .
Which Markets Have Seen the Greatest Growth in MOB Face Rents?
The Medical Office Sector has typically averaged 2 to 3 percent year-to-year rent growth. In recent years, this level of growth has often trailed CPI inflation. As a result, investors often target medical office (or outpatient) buildings (MOBs) that have a likelihood for higher year to year rent growth. These targets will likely include markets where higher rent growth is forecasted.
Which MOB Markets have the Most Concentrated Ownership?
To answer this, we analyzed how MOB square footage is spread across all the owners in each of the top 125 markets. The chart below lists the most concentrated markets, with . . .