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.
Click here for the sample survey of four medical office buildings which meet the criteria outlined above.
For a complete survey and supporting data and/or request a market study for areas not yet reported on this blog please give us a call or email Richard Smith. We can also provide complete full market research studies including demographics, available spaces, lease rates, operating expenses, sales comparables and tenant rosters of medical office buildings across the Southeast Region. We work with health care professionals evaluating real estate options. Good health in 2010.
