Nationally it appears that there is insufficient square footage available to accommodate the significant growth seen in the healthcare real estate sector, with the rate of absorption outpacing new product deliveries, according to Northmarq.
"This has put national occupancy rates for medical office at a historic high," Colin Cornell, Northmarq vice president, healthcare investment sales, tells GlobeSt.com.
"We anticipate a steady stream of opportunities for investors in 2023, including newly developed facilities, new long-term leases on historically vacant MOBs, and retrofits of what were historically retail-oriented buildings."
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