Feature Story: MOB rental rate growth plateaus, but remains strong

Revista presenters break down market statistics, including a look at MOB development

By John B. Mugford

Revista’s Hilda Martin shared data regarding year-over-year rent growth during the firm’s Q2 Subscriber Webcast July 20. (HREI photo)

Editor’s note: Last week, HREI reported on Revista’s Second Quarter (Q2) Subscriber Webcast, primarily focusing on data that was shared about the national investment market. This week, we take a closer look at individual geographic markets in terms of investment, construction and leasing.

Although occupancy rates for medical office buildings (MOBs) continue to rise in the country’s top 50 markets, year-over-year (YoY) rent growth has, perhaps for now, plateaued, albeit at a historically high level.

That was one of the key takeaways from Revista’s Q2 Subscriber Webcast, which took place July 20.

“There had been significant acceleration in year-over-year rent growth in recent quarters – that is until the second quarter of this year,” said Hilda Martin, principal with Arnold, Md.-based Revista, which compiles and provides a wide variety of healthcare real estate (HRE) data for its subscribers.

“It seems like this rent growth leveled off a bit at

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