77 Scotsman Guide Commercial Edition |
ScotsmanGuide.com | June 2018
The medical office building (MOB) market has grown exponentially in
recent years, creating an unprecedented opportunity for real estate
investors, medical practitioners and commercial mortgage brokers alike
to secure a piece of the action. + New medical facilities are opening at
a rapid pace across the United States — and to great success. Vacancies
in existing facilities were at a record low of 7. 3 percent at the end of 2017.
About 35. 7 million square feet of new MOBs started or completed
construction in 2016, with the average rental rate commanding an
impressive $24 per square foot. ➤
Direct private lending helps fund a
market that is rapidly expanding
Photo illustration by Karen Steichen
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