Overall, Revista reports the total construction pipeline at $97.1 Billion at year end 2015; this is up 12% from $86.7B during the first half of 2015.
The graph below shows completions (expected for 2016) for Hospital and MOB projects. As a reminder, Revista tracks projects that are new, adding space/beds, are greater than 7,500 square feet and $5M in value. When applying these filters we can see...
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 projects in early 2015 and while every state and market is different, the one thing all states have in common is that they all have medical real estate construction going on! The graph below tracks the value of hospital and medical office projects that are either under construction or approved and late in the planning process. It represents both public and private construction. Overall, according to the Revista first half 2015 construction report, there is over $86 Billon of such construction across the US. California and Texas lead the nation with $11.8 Billion and $7.7 Billion, respectively. Check out the graph below to see how your state stacks up!
The new Mercy Medical Arts Building in Miami is now under Construction. The new 116,000 square foot MOB will be located on the campus of Mercy Hospital, a 1.5 million square foot hospital owned and operated by HCA.
there are over 16 million square feet (SF) of MOB space scheduled to complete in 2015. This comprises over 280 MOB properties and over $6.6 Billion of construction value...
I’ve received a number of questions about MOB construction activity in tertiary markets and am curious about this area myself! Most of the information that circulates is about major metro areas – but what about the rest of the country?
Bethlehem Township commissioners recently approved plans submitted by St. Lukes to build a 2nd medical office building (MOB) on their Anderson Campus in Easton, PA
Five construction projects scheduled to be completed this spring represent nearly $1.3 billion dollars and more than 1.6 million square feet
As of the end of 2014, there were 62 hospital construction projects that Revista had identified in the state of California that were either underway or in late planning