Transwestern estimates that total demand for medical office space across the US could range from 150.5 million square feet to 225.8 million square feet by 2019.
Kroll Bond Rating Agency says the REIT sector is finding its “mojo,” and REIT debt-to-market leverage reached record lows by mid-year 2018, declining to a median of 30.2% for public and private note issuers.
Transwestern says Atlanta's medical office market last year absorbed 639,378 square feet and is on track to match or exceed that level in 2018, with absorption of 390,458 square feet already reported in the first half of the year.
Inventory continues to rise significantly this year with more than 550,000 square feet of construction delivered in the second quarter, to be followed by another half a million square feet for the balance of 2018.
The low cost of living, and ability to attract and retain the Millennial workforce, and diverse industry types are a major driver for Texas Millennials in finding opportunities that best suit their skillsets.