By Paul Bubny | National
CALABASAS, CA—Although the medical office buildingsector saw an across-the-board sales velocity increase of 15% year over year for the first nine months of 2014, all MOB product is not created equal. The bifurcation in this asset class—favoring newer product—is likely to intensify as current healthcare trends accelerate, according to a new Marcus & Millichap report prepared under the aegis of Alan Pontius, SVP and national director of the firm’s Healthcare Real Estate Group.
Even as implementation of the Affordable Care Act and the aging of the US populace inevitably will grow demand for medical services, “quantifying the impact on future medical office space needs has become increasingly difficult,” MMI’s report states. Multiple trends are clouding the crystal ball, and they include “a growing physician shortage, the proliferation of in-store clinics, telemedicine, evolution of the care delivery model and overall healthcare-industry consolidation.” read more