REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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REOC San Antonio releases 2Q 2011 medical market update

Source: REOC San Antonio

While the overall medical industry has experienced generally good conditions compared to other aspects of the economy, healthcare reform remains a wild card for the entire medical real estate market and uncertainty has permeated the real estate decision-making process causing many medical practitioners to defer building and expansion plans.  As a result, leasing velocity within MOBs has slowed and renewals account for the majority of leasing activity while doctors contemplate their business options. 

Limited speculative development has served to relieve pressure on filling existing vacancies while well-located projects continue to grow the market in a disciplined manner.  Significant shifts impacting medical delivery systems, such as the move to a more “retail” approach, will offset the need for speculative development but well-located medical office projects will still find their way into the pipeline.

Download our 2Q 2011 Medical market snapshot report and for more information read Uncertainty plaguing San Antonio’s med-office market  (San Antonio Business Journal, 8-12-11)

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