Demand vs. Supply Executive Summary

A Diagnostic View of Healthcare

Government scrutiny of hospital/physician relationships is increasing, as exhibited in the examination of referral patterns, overutilization of diagnostic testing, leasing arrangements and other joint venture structures.

BEST of MOBATL - Hamilton Mill Station

Hamilton Mill Station

2089 Teron Trace
Dacula, Georgia 30019

Northeast Atlanta Submarket

Dacula’s elegant Hamilton Mill Station, as featured in MD News, now has ownership and leasing opportunities for Professional office and Medical uses to compliment the 100,000 square foot project. Hamilton Mill Station is well under way, building its final building within the park, with 50% of the available space already committed and/or occupied. The property just off Hwy 124, across from Duncan Creek Park and located between Gwinnett Medical Center and Northeast Georgia Health System's new Braselton location

Medical Office Buildings of Atlanta Database

Metro Atlanta – MOBATL database is now on-line. We are excited to provide health care professionals with the ability to access a database of medical office buildings (MOB) greater than 10,000 square feet that are available for sale and/or lease. The buildings can be queried based on numerous criteria to include Area, County, Property Name, Address, Square Feet, and Rental Rates. Along with property information we have included pictures and an integrated map with a list of medical practices and tenants at each location. While the database and search function is straight forward some helpful hints for looking up your next MOB include:

MOB Fayette/Coweta Market Report– 3Q 2009

The Fayette/Coweta County medical office building (MOB) sub market with 880,000 square feet is located along the Hwy 54 and Hwy 34 corridor form Fayetteville to Coweta Counties in South Atlanta. The largest concentration of space is located around Piedmont Fayette Hospital. The anticipation of the new 9 story, 136 bed hospital in Newnan has created a new emerging market along the Hwy 34 corridor, in Coweta County from Peachtree City west to Newnan (and the older Piedmont Newnan Hospital). Due to the economic downturn the new hospital’s 2010-2011 start date is in question, which has also caused many independent medical office developers to put some plans on hold.

BEST of MOBATL - Gwinnett Professional Center I

Gwinnett Professional Center I

601-A Professional Drive

Lawrenceville, GA 30045

Northeast Atlanta Submarket

Gwinnett Professional Center is a 60,040 rentable square foot, three story medical office building constructed in 1985 and last renovated in 2007. The northeast Atlanta location is on the hospital campus of Gwinnett Medical Center, the dominant health care provider in the county. In 2006, the hospital campus received certificate of need approval for an $88 million expansion to include growth to 429 beds. The property has an on-site pharmacy, ample free surface parking, first floor space available and 20,000 RSF floor plates. Great access to area neighborhoods and business districts via Hwy 318 and Interstate 85.

MOB Northeast Atlanta Market Report - 3Q 2009

For healthcare providers looking to lease space in medical office buildings (MOB), Northeast Atlanta it is a “buyers” market. Vacancies have remained over 20% for the past two years creating an environment where most landlords are prepared to negotiate great deals. In the mid 2000’s vacancy rates where stable around 11%. During this period, as new medical office buildings were completed, tenants expanding and new practices were opened at a pace that absorbed all the new space. However, in 2007 with the delivery of over 300,000 square feet of new medical office buildings and absorption of only 100,000 square feet, vacancy rates spiked by over 7% points. Negative absorption, (a net loss in total square feet occupied) in 2008 and 2009 has pushed vacancy rates to over 22.5% in 3rd quarter 2009. We anticipate this trend to stabilize in 2010 as favorable lease terms and supporting demographics create greater demand for vacant space.