Is the speculative MOB market overheating once again? Data from Annapolis, Md.-based research firm Revista indicates that it could be, as the amount of speculative MOB space, or space not affiliated with health systems, has reached a four-year high point when compared to health system-affiliated space.

The medical real estate sector is seeing increasing levels of transaction activity, particularly across hospital real estate and medical office buildings

The Revista mid-year 2017 construction report says to expect 20.9 million square feet (SF) of MOB deliveries in 2018, which would be a rise of 10% over 2016’s 19.0 MSF delivered. And overall, 64% of the MOB expected deliveries in 2018 are expected to be off campus. That is up from 54% observed in 2014.