Metro Atlanta’s specialty use medical office building market totals approximately 17.457 million square feet in ten primary submarkets. Our research tracks medical office buildings, both multi and single tenant buildings that are generally over 10,000 square feet. Non primary use medical office buildings including traditional office buildings, business parks and retail space are not included in our analysis. While accommodating some medical uses these properties do not provide the referral basis and services of a professional run medical building. Six submarkets account for 80% of the 457 medical office buildings, all areas around large regional medical centers. Four medical office buildings are currently under construction and expected to be completed by the first quarter of 2011 including the Meadows & Ohly development of Gwinnett Medical Center, a 127,000 square foot on campus medical office building.
Friday, January 15, 2010
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