Archives

December 17, 2019
Mike Hargrave

2 Large Speculative Projects Rising in the Baltimore MSA

If you have seen Revista’s metro trends you may have noticed the Baltimore MOB market is one of the tightest in the country. The MOB occupancy rate has averaged between 93.9% and 94.8% since the 2nd quarter of 2018.
March 16, 2017
Mike Hargrave

2017 US Construction Report is Available

This report covers Hospital and Medical Office Construction projects that are new, expansions or replacements greater than 7,500 square feet and $5 million in value. It provides detail on the overall pipeline (under construction and late planning), analysis of recent completions in 2016 and expected completions in 2017. Construction starts are trended quarterly and projected out 2 quarters.
September 15, 2016
Mike Hargrave

Medical Real Estate Construction Pipeline is Growing

The report shows the construction pipeline is growing. The total US medical real estate construction pipeline now stands at $102.1 B which is up 5.1% from the year end 2015 figure of $97.1 B.
February 2, 2016
Mike Hargrave

Expect 2016 to be a BIG year for MOB completions…

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...
December 2, 2015
Mike Hargrave

Medical Construction is in Every State

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!
September 24, 2015
Mike Hargrave

Breaking Ground in Medical Real Estate

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.
April 21, 2015
Mike Hargrave

The Revista Pipeline: Medical Office Construction Projects

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