On the consumer side, health care costs represent almost 18% of GNP in the U.S. which is far higher than other industrialized nations around the world. The reasons are legion but will not be the focus of this article. To add insult to injury, overall health care outcomes in the U.S. are trending in the wrong direction in comparison to the rest of the world or, at best, just staying somewhat even.

So much of the conversation in the industry right now is about placing medical services out into the community to be more convenient and cost effective for patients. But what is that community going to look like in 10 years? 20 years? Flexibility becomes the name of the game.

Let’s take a look at the Jacksonville market. At 7.7 million square feet (MSF), Jacksonville’s MOB market is the 36th largest market in the US based on total SF.

After a slow start to the year, medical office building (MOB) sales have picked up in the second and third quarters (Q2 and Q3), providing a very strong possibility that the final 2019 volume will top $10 billion for the fifth straight year.