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Off the charts! Houston's healthcare pulse strong, mid-year 2016Off the charts! Houston's healthcare pulse strong, mid-year 2016https://www.recenter.tamu.edu/news/newstalk-texas/?Item=143322016-08-30T05:00:00Z2016-08-30T21:00:00Z

​​HOUSTON – In spite of low oil prices and related layoffs, Houston’s health care real estate market continues to expand as it responds to the city’s irrepressible growth, according to Colliers’ Mid-Year 2016 Medical Report.

Demonstrating why landlords may want to call their property “medical,” in first quarter 2016, over 116,000 sf of medical office space was absorbed—and because of the need for that kind of space, over 2 million sf of medical office space is currently under construction.

Adding to the new development of medical office space, most of the major hospital systems in Houston are building, remodeling and expanding their campuses, particularly in the suburbs.

Class A advertised lease rates for medical office space are slightly higher than a year ago, increasing from $27.64 to $28.23/gross per RSF per year, while Class B product has decreased by ten cents to $24.68 per RSF.

Houston’s health care investment sales activity included 19 transactions, with an average price per sf of $227 and an average cap rate of 7.43 percent.
Colliers International
Houston-The Woodlands-Sugar Land
Medical
https://assets.recenter.tamu.edu/Documents/MktResearch/Houston_medical_Colliers.pdf

​Clic​k to see the full Colliers Medical Market Report Mid-Year 2016 (PDF)

Don't forget to check out Houston Medical Market Research!

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