Cushman & Wakefield report shows rising space demand as construction lags
By John B. Mugford
MOB space demand continued to grow during Q1 as absorption (as shown by the black bars) significantly outpaced deliveries of new supply (the blue bars), pushing the medical occupancy rate up 34 basis points to a record 92.5 percent. (Slide courtesy of Cushman and Wakefield)
The case for medical outpatient buildings (MOBs) ownership has perhaps never been stronger. Today’s MOB market boasts record occupancy levels, increasing institutional interest and steady demand for new development from health systems who are racing to plant their flags in growing communities without fully committing to building much more expensive inpatient space.
Underpinning this, as we all know, is the ongoing migration of care from inpatient to outpatient settings.
But the speed and scale of that migration is perhaps more significant than a casual observer understands.
For example,
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
