I'm sure that all of you readers can't wait for me to go off on my monthly tangents and voice my personal opinions, but every once in a while, I need to supply you loyal readers with some Commercial Real Estate facts, so here you go. Absorption: The square feet leased in a specific geographic area over a fixed period of time after deducting space vacated in the same area during the same period. *Vacancy: The total amount of available … [Read more...] about Commercial Real Estate
medical office space
MOBs – Investor Interest Increasing
In 2010, Medical Office Buildings (MOB) sales volume increased dramatically to 80 percent over 2009. According to Real Capital Analytics, MOB acquisitions totaled more than $3.1 billion by the last quarter of 2010. In our Southwestern region of the United States, we experienced $75.7 million in transactions in the third quarter of 2010, along with an average sales price per square foot of $223. What’s up with this? This can’t be; everyone (me not included) says that we are still in a major … [Read more...] about MOBs – Investor Interest Increasing
