• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
  • Blog
  • Free Resources
RevistaMed

RevistaMed

  • About
    • Meet Revista
    • Advisory Board
    • Partners
    • Press
    • Rising Leaders Council
    • Sponsorship
    • Contact Us
  • Events
  • Why Subscribe?
    • Featured Products
    • Business Development
    • Underwriting & Due Diligence
    • Asset Management
    • Capital Markets
    • Site Selection & Development
    • Leasing
  • Subscriber Login
Home / Construction/Development / Construction Starts have Remained Strong in Select Markets

Construction Starts have Remained Strong in Select Markets

November 29, 2022 by Stephen Lindsey Topics: Construction/Development

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. Based on the map, we can see that certain clusters have substantial incoming growth, as long as the new projects go forward as expected. In particular, the CBSA’s in Florida and Maryland have had large amounts of square feet start construction, while being significant when compared to their existing inventory. The total square feet of the started projects are indicated by the size of the bubble and the comparison to the existing inventory is represented by the color. Baltimore, Washington D.C., Jacksonville, Orlando, and Miami, all had construction starts that were in the range of 4.9 – 7.0 percent of their inventory. For comparison, the average for the top 75 metros is 1.8 percent. Miami tops the charts with about 1.4 million sf of MOBs started in the past year, which is equal to 6% of its existing inventory. Make sure to stay tuned as Revista continues to keep a close eye on the construction trends.

Stephen Lindsey
Stephen Lindsey

Other Articles by Stephen Lindsey:

    • Rehab Hospital Projects Maintain Strong Pipeline
    • The Fed’s Expectations for 2023
    • MOB Fundamentals Have Remained Strong in 3Q22

Previous Post:Physicians Moving Away from Independent Practice, Monetizing their Real Estate
Next Post:The Fed’s Expectations for 2023

Sidebar

Topics

  • Construction/Development
  • Industry News
  • Leasing/Property Management
  • Mergers/Acquisitions
  • Policy/Legislation
  • Real Estate Financing/Capital Markets
  • Revista Best Practices
  • Revista News
  • Sponsor Spotlight
  • Transactions
  • Uncategorized

Recent Posts

  • MOB Transaction Volume Cools in 4Q, Cap Rates Creep Up
  • Rehab Hospital Projects Maintain Strong Pipeline
  • MOB Construction Off Recent Highs in 4Q
  • The Fed’s Expectations for 2023
  • Construction Starts have Remained Strong in Select Markets

Archives

Upcoming Events

  • There are no upcoming events.

Other Free Resources

Industry Directory

Search for and/or list your medical real estate services in Revista’s medical real estate directory.

Reports & White Papers

Download free reports & white papers on medical real estate.

Add Lease/Sale Listing

Revista provides free lease/sale listings for healthcare real estate.

Ready to Schedule a Demo?

Get in Touch Now
  • Why Subscribe?
  • Events
  • The MOB Scene
  • Add A Directory Listing
  • Add Lease/Sale Listing
  • Contact Us
  • Sponsorship
  • About
  • Terms of Use
  • Press

SIGN UP FOR MOB SCENE NEWSLETTER

  • Twitter
  • Facebook
  • LinkedIn