Colliers: Dallas and Houston Were National Leaders in Medical Deals in 2017
HOUSTON – (Realty News Report) – Houston and Dallas rank near the top of new national rankings for investment sales in the healthcare sector, according to a new report by Colliers International.
In 2017, Atlanta was No. 1 in medical-related real estate deals with $1.1 billion in sales.
Los Angeles, with $973 million in sales, ranked second. Dallas, with $893 million in sales was third. Houston ranked fourth with $495 million.
REITs and publicly listed real estate companies were the top buyers, accounting for 41 percent of acquisitions by sales volume in 2017 up from 33 percent in 2016.
The national vacancy rate for medical office buildings (MOBs) fell to an all-time low of 7.3 percent in 2017, the Colliers report said.
Over 16 million SF of new medical office space was delivered in 2017, down 15 percent from 2016, Colliers reported.
At year end, Houston’s MOB market had 11.4 million SF vacancy rate and average gross rent of $25.42 per SF.
March 19, 2018 Realty News Report Copyright 2018