The volume of new medical office product in the Tampa market continues to increase. This new development is comprised predominately of single-tenant assets, according to the report.

The Laser Spine Institute headquarters is now complete in the Central Tampa market. The 175,000-square-foot building is a model for new medical office development, housing administrative and clinical operations under one roof.

“The market is blooming with health systems and large groups capturing market share, while creating facilities designed for ease of access to the continuum of care for patients,” says Breeding. “We expect rental rates to rise and to see newer products continue to come on the market.”

Want more on Central Florida's healthcare real estate boom? Read my recent column.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

ORLANDO—There is a shortage of large-block healthcare real estate spaces greater than 5,000 square feet within existing class A and B properties in Tampa, FL. That's according to Cushman & Wakefield's Second Quarter 2016 Tampa Bay Medical Office Report.

Brian Breeding of Cushman & Wakefield's Healthcare Practice Group authored the report. It details the Tampa MSA's medical office building inventory ranging from outpatient facilities to traditional investor-owned, multi-tenant medical office buildings.

“The medical office market is taking shape in a way that has been expected for the past couple years,” Breeding tells GlobeSt.com. “Tampa is a bullish market for medical office development due to lack of supply on newer, high-quality buildings with large blocks of space.”

Four new, off-campus class A or B medical office buildings larger than 5,000 square feet will be delivered in 2016. CushWake expects more to follow.

The volume of new medical office product in the Tampa market continues to increase. This new development is comprised predominately of single-tenant assets, according to the report.

The Laser Spine Institute headquarters is now complete in the Central Tampa market. The 175,000-square-foot building is a model for new medical office development, housing administrative and clinical operations under one roof.

“The market is blooming with health systems and large groups capturing market share, while creating facilities designed for ease of access to the continuum of care for patients,” says Breeding. “We expect rental rates to rise and to see newer products continue to come on the market.”

Want more on Central Florida's healthcare real estate boom? Read my recent column.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.