2777 East Camelback Road, Suite 230 | Phoenix, Arizona 85016 | Phone: 480-994-8155 - map
GPE Healthcare Investment Group
The GPE Healthcare Investment Group of Julie Johnson, CCIM, Kathleen Morgan, CCIM, and Trisha Talbot, CCIM specialize in the sale of medical office buildings. Our team has the specialized skills required to assist in making informed, intelligent real estate decisions regarding the complexities associated with the sale of medical office buildings.
MEDICAL OFFICE MARKET OVERVIEW
In the Third Quarter 2011, medical office sales transactions demonstrate that investors are recognizing opportunities in acquiring medical office properties, both as investors and owner/users. There are still many significant distressed transactions affecting the market, representing 40% of all sale transactions.
The medical office leasing market economics are holding relatively steady in terms of lease rate and vacancy from the previous two Quarters; however, investors would like to see an increase in the rates and decrease in vacancy. The net absorption for the Third Quarter 2011 is negative 13,617 square feet, up from a negative net absorption of 36,001 from the Second Quarter 2011, for a total year-to-date net absorption of negative 49,618. The net absorption for Third Quarter 2011 is comparable to a year ago of negative 11,975 square feet.