Topic: Revista News

June 30, 2021
Mike Hargrave

Major California Metros Exhibit Strong MOB Fundamentals

San Jose is the highest ranked CBSA for occupancy at 94.6% as of 1Q21 and San Francisco is not far behind at 94.1%.
June 24, 2021
Hilda Martin

MOB Construction Starts Strong Despite Rising Costs

We've all been hearing about the significant uptick in materials and labor costs associated with construction over the last number of months, particularly lumber which has been the focus of many a meme. That spike is beginning to show up in the cost of medical office projects breaking ground in 2021.
May 20, 2021
John B. Mugford

MOB sales slow down in Q1, but it’s still early for 2021

It is probably safe to say that the volume of medical office building (MOB) salesin the COVID-19 pandemic-ridden year of 2020 exceeded people’s expectations. After a lackluster 2Q and 3Q, sales rallied in 4Q, lifting the total volume for 2020 – despite the pandemic – to $11.5 billion and marking the sixth straight year in which sales topped the $11 billion threshold.
May 18, 2021
Hilda Martin

2021 Transactions Off to a Quiet Start after 4Q Rush of Closings

After finishing out 2020 with one of the strongest volume quarters in recent years, 2021 is off to a quiet start. $1.8B in MOB transactions closed in the first quarter, down from $3.3B in 1Q20 and in line with 1Q19. On a TTM basis, we are now running at just $10B in volume.
May 17, 2021
Mike Hargrave

MOB construction completions fall to multi-year low

Medical Office (MOB) construction completions, which were near peak levels just one year ago have fallen to multi-year lows as of the 1st quarter of 2021. According to newly released Revista data, 18.6 million square feet (MSF) of MOB space completed in the year ending 1Q21.
April 28, 2021
John B. Mugford

Revista Developer Survey shows strong development numbers; it also ranked the top third-party developers in 2020

While the amount of outpatient facilities started or completed during 2020 fell by about 9.7 percent from the previous year, the number of healthcare real estate projects taking place remains quite healthy
April 28, 2021
Hilda Martin

Secondary Markets Less Affected during Pandemic

Occupancy has remained stable throughout 2020 and into 2021, but quarterly absorption reflects some level of negative impact, although short in duration, in the third quarter of last year. While the average each quarter for absorption in the top 50 markets has been around 3.2 million square feet, in 3Q20 that total fell to just 800K. Interestingly, this impact shows to a greater extent in the largest 10 markets.
April 27, 2021
Mike Hargrave

Private Equity Becomes More Aggressive on MOB Pricing

Much has been made of private investors controlling the buying landscape in recent years. According to Revista, private investors have increased their share of overall MOB buying activity from 55% in 2019 to 69% in 2020 and 70% YTD in 2021.
March 25, 2021
John B. Mugford

With a late surge in 4Q, MOB sales in 2020 once again topped the $11 billion mark, a benchmark figure that conveys the product type’s resilience

Back in January, Revista reported that medical office building (MOB) sales had “preliminarily” totaled $10.2 billion in 2020.
March 24, 2021
Hilda Martin

Top Ten MOB Buyers of 2020

Despite all the difficulties of the pandemic in 2020, medical office transaction activity still kept pace with previous years. Total sales volume cleared $11.2B and these top buyers represented almost half (46%) of that total.
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