MRA Group’s Post

Quote: "#Medicaloffice buildings are best situated close to #hospitals. They need good placement near highly residential communities, with plenty of people passing by. Part of the retail aspect is what medical offices need to provide to attract and keep patients, including parking and easy physical access. Many doctors move to the suburbs because that’s where the growing populations are." #healthcarerealestate #medicalrealestate #medicaloffice #medicalofficeinvestors

The Orange County and Inland Empire markets are seeing an increased demand in medical space. Complete build-outs for medical space can be a complex and expensive process, but our research shows that they are worth the costs. • Medical buildings in the OC and IE hold lower vacancy and availability rates than general office. • Medical building construction outpaced general office in the OC and IE in Q2 2024. • MOB spaces yield higher rental rates than standard offices do, which can result in a better return on investment for property owners. Check out our brief below to see why medical outpatient buildings are outshining general office: https://lnkd.in/gqAXY62Y CBRE | Deepa Shah

Medical office buildings come with specific tenant needs and varied leasing patterns. Ann Bishop, Wallace Properties, explains why developers who are considering building medical offices should understand the benefits of this property type for investors and owners. NAIOP Washington State

McAvoy Continues Rental Fleet Expansion in the UK and Ireland In response to growing demand across the healthcare, pharma, education and commercial sectors, NI-based offsite manufacturer McAvoy continues to invest strongly in the growth of its SmartSpace temporary building fleet.  It recently launched additional new innovative space solutions via its QSpace and ESpace single modular buildings. The business continues to experience high demand for rental projects in both the healthcare and education sectors, including a second, significant 10-year rental contract for University Hospitals Birmingham NHS Foundation Trust. Investment in manufacturing capability has continued with the acquisition of a custom-built mobile gantry, increasing efficiency, and improving workplace safety. This commitment to investment in the business also includes ESG, digital technologies, recruitment, and people development. CEO, Ron Clarke said: “The group continues to see strong interest in its proposition, and with the continued support of our shareholders the company is in an excellent position to deliver its strategic growth plan. We are confident that our high performing temporary and permanent buildings will continue to deliver modern, flexible, and sustainable space solutions to our customers. Looking ahead we are on track to deliver a significant increase in performance in 2024.” During https://lnkd.in/d9WwgAEZ

#ICYMI, I had the chance to share my perspectives on medical office real estate trends in this article for Commercial Property Executive. Read it here: https://bit.ly/47Qe320.

If you haven't had a chance to read our Q2 office report, here are the top 5 things you need to know: 🏥 Medical Market: Continued strong demand for medical properties with premium pricing due to limited supply and rising construction costs. 🏢 Stable Vacancy: Tucson’s office market maintained a steady vacancy rate of 10.5%, showing resilience amidst broader economic trends. 🏗️ Conversion Trend: High demand leads medical users to convert office spaces and commit to longer lease terms. 💲 Rising Lease Rates: Landlords seek longer lease terms and willing to give tenant improvement allowances for the right tenants. Medical properties see rising prices, while larger offices and call centers face discounts. 📍 Hot Submarkets: Central Tucson, Northwest Tucson, and the Foothills remain sought-after, with quick leasing or sales of smaller medical and office spaces. Looking for more details? Read our full report at: https://lnkd.in/gzKaftFY #CRE #Tucson #Office

Ground-breaking. Award-winning. Trend-setting. All of these could describe Plaza Companies' work in medical office leasing, construction and management. Learn more about how Plaza Companies has become a leader in this sector in Arizona at the link below. #plazacompanies #arizona #medicaloffice

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Thank you, Steven Goldstein, for bringing up this relevant point. The healthcare sector is undoubtedly witnessing a remarkable transformation, creating profitable opportunities for commercial real estate investors by offering stability and growth potential. Starting with tenants that tend to sign long-term leases, investing in MOBs provides a steady income stream and reduces vacancy risks. They have also shown resilience as the necessity and demand for in-person medical services remain unwavering, unlike other office sectors that have seen declines due to remote work trends. Higher demand also leads to higher rental rates. Another driving factor for the growth and strength of the MOB market is the integration of advanced medical technologies, which should be considered by investors. Facilities equipped with the latest technology will attract top-tier tenants. Looking ahead, the MOB market is expected to continue its positive performance. As Steven mentions, factors such as an aging population and increased healthcare spending will continue to sustain the demand for medical office space. What do you think about the potential of MOBs in the current market?

The growing demand for healthcare services is driving significant expansion in the medical office sector. According to a Colliers report, the medical office market continues to thrive, with substantial new construction and consistently positive net absorption over the past six quarters. Direct vacancy rates have dropped significantly, reflecting the increasing need for modern medical facilities as populations grow. For commercial real estate and lease negotiation advice, contact Steve @ (312) 840-9002 #MedicalOfficeMarket #HealthcareExpansion #ColliersReport #CommercialRealEstate #CRE #PropertyInvestment #RealEstateTrends #MarketGrowth #PositiveNetAbsorption #MedicalBuildings #EconomicGrowth #HealthcareDevelopment Jameson Commercial Jameson Sotheby's International Realty