1、Healthcare ServicesMedical Office Fundamentals Strengthen,But Providers Face Cost Pressures Colliers U.S.Research Report:Q3 2022Overview and ContextDespite economic concerns and industry challenges,the medical office property sector(MOB)continues to go from strength to strength,setting record highs
2、for asking rents,sales volume,and pricing over the past four quarters.Demand is outpacing supply,vacancy remains tight,and capitalization(cap)rates have remained relatively stable.As a result,development activity is gaining momentum,reflecting confidence in the sector.This performance is particularl
3、y impressive given the continued cost containment pressures faced by the healthcare industry.In this report,we examine current MOB fundamentals and recent sector performance,followed by an outlook to the sectors future.The data referred to is based on the sum of the top 100 MOB markets in the U.S.2|
4、Q3 2022 Healthcare Services ReportColliers U.S.Research|3Medical Office Fundamentals:Key Takeaways Vacancy:The MOB vacancy rate fell by 40 basis points in the first half of 2022 to 8%.This compares favorably to the broader office sector where vacancy rose by 30 basis points over the corresponding pe
5、riod to 15.1%.Absorption:Demand for medical office space remains strong and is outpacing new supply.Net absorption totaled 22.1 million square feet over the 12 months to mid-year 2022,up from 12.5 million square feet during the prior 12 months.Rents:Average net asking rents for MOB space increased b
6、y 1.7%in the first half of 2022 to$23.06 per square foot setting a new high for the sector.Construction:A total of 14 million square feet of MOB space was delivered during the four quarters ending in Q2 2022,up slightly from 13.7 million square feet during the prior 12 months.Sales:Total investment