In Austin and San Antonio, new residents are arriving at a rate of about 150 people per day, according to the U.S. Census Bureau’s 2014–2015 data.
New neighbors mean a growing need for services such as healthcare, education and infrastructure.
When it comes to real estate, the Central Texas region is seeing hospital expansions and growing investor interest in healthcare and MOB assets.
As the recession has shifted investors’ appetites, healthcare property types are no longer an outlier; they have entered into the medical arena as a viable investment option due to increased rents (and their reliable cash flow) that can now rival traditional office assets.
Location matters: Medical Office Buildings across the region
CBRE Research continues its coverage of the Medical Office Building market throughout the region in its June 6 MarketFlash.
CBRE Research will be monitoring the pulse of this emerging market.