With the onset of the Covid-19 pandemic this will be an important metric to track in 2020 and beyond. Take comfort in the fact that over previous cycles/downturns the rate held up remarkably well, especially when compared to other asset classes.
DuPage Medical Group (DMG), of Downers Grove, Illinois (www.dupagemedicalgroup.com) has recently sold a group of trophy MOBs to Harrison Street Realty Capital (HSRE).
Here are the top 5 markets. The most active market during this time has been LA/Orange County which has seen $2.9B worth of MOB transaction volumes. LA/Orange also has the lowest cap rate/yield at 5.7%.
Office-Meds can often present challenges for healthcare practices such as parking and access, among others. As such, the ratio of Office-Meds to MOBs can be an important stat to monitor market by market
...Verified started projects were down 18% in 2016 from 2015. 2017, at 18.9 million projected, has the potential to be at the same level or lower than 2016.