Metro Atlanta – A sample survey of MOBs in the North Central Market indicates that for a medical group needed approximately 3,000 square feet there are 51 suites available in 13 buildings that are greater than 45,000 square feet. Larger MOBs afford greater amenities including upgraded lobby and common areas, covered and valet parking, and superior access. These 13 MOBs total 1.54 million square feet and at a 20% vacancy rate is an indication of a concessionary submarket. Rental rates range from $24.00 to $33.00 per square foot net of TICAM which could add an additional $10.00 per square foot to the overall rental rate.
Wednesday, August 18, 2010
Thursday, August 12, 2010
MOB Report Mid Year 2010 Investments Trends
The Mid Year 2010 REAL Capital Report on Medical Office Buildings indicates positive changes for investors of healthcare real estate. The national average price per square foot for Medical Office Buildings (MOB) has risen by $13.00 per square foot to over $224.40 per square foot over year end 2009. However, prices are still well below the historical highs of over $275.00 per square foot in 2007. As comparison the Southeast average is $177.00 per square foot with highest being $323.00 per square foot in the West Region. There is no data recorded for the Atlanta MOB market.
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