TO TurN A prOfIT, IT wIll Be INcuMBeNT upON OwNerS AND heAlThcAre SySTeMS TO cONSTANTly fINe-TuNe TheIr ServIceS AT eAch lOcATION TO MeeT The NeeDS Of ThAT cOMMuNITy. +
and shift their focus from in-patient
to outpatient care, according to the
Marcus and Millichap report: Medical
Office Sector Remains Healthy in
Ailing Economy. This shift has led to
increased care at physicians’ offices,
and ambulatory and diagnostic offices, creating opportunities for medical
office buildings.
The current economic climate
is also impacting the utilization of
MOBs. While the asset class isn’t
recession proof, it has proved resilient in the economic downturn.
MOB construction completions
peaked in 2008 with more than 17
million square feet of space. And
while completions are estimated to
have dropped in 2009 to 14. 1 million
square feet, MOBs are outperforming
other asset types, like standard office
buildings, according to the Marcus
and Millichap report.
Their proven economic resilience,
along with the projected expansion
of the healthcare industry has resulted in MOBs attracting
more investor interest.
