CBRE EA Medical Office Fundamentals Now Available

Jan 10, 2024, 12:39 PM by Stefan Weiss
CBRE EA now offers medical office historical and forecasted occupier statistics for the top 60 U.S. markets.
CBRE EA now offers medical office historical and forecasted occupier statistics for the top 60 U.S. markets.

Industry-leading Fundamentals Data

As EA’s institutional clients expand into the historically opaque & niche sector, they’ll benefit from industry-leading fundamentals data informed by on-the-ground insights from CBRE’s Healthcare Advisory Practice Group.

Institutional investment in medical office assets has doubled in the five years leading to 2022, and still represents just 8% of medical office sales activity. The current shake-up in the fundamentals of traditional sectors (particularly office) is causing more portfolio rebalancing in the direction of these alternative sectors. Considering the historical stability of medical office - as proven in the EA data - and the demographic tailwinds by way of an aging population, EA clients have made clear their need for consistent historical and forecasted data on medical offices.

EA's Definition of Medical Office

Medical Office is defined as Class A, B, or C, competitive inventory 7,500 sq. ft. and greater, built or substantially renovated for the exclusive (or near exclusive) use by healthcare physicians and practitioners.

This excludes hospitals and single-tenant owner-user facilities. This also excludes traditional office footprints of healthcare-related groups (I.e. executive-office and back-office facilities).
Coverage

Coverage includes stock, completions, availability rate, vacancy rate, sublet availability, net absorption, and rents.

Medical Office forecasts for these 60 markets will be rolled out with our Q4 2023 forecast release:
–Atlanta
–Austin
–Baltimore
–Birmingham
– Boston
–Bronx/Brooklyn/Queens/Staten Island
–Buffalo
–Central New Jersey
–Charlotte
–Chicago
–Cincinnati
–Cleveland
–Columbus
–Dallas
–Denver
–Detroit
–Fort Lauderdale
–Fort Worth
–Grand Rapids
–Hartford
–Houston
–Indianapolis
–Jacksonville
–Kansas City
–Las Vegas
–Long Island
–Los Angeles
–Louisville
–Manhattan
–Memphis
–Miami
–Milwaukee
–Minneapolis
–Nashville
–Norfolk
–Northern New Jersey
–Oakland
–Oklahoma City
–Orange County
–Orlando
–Philadelphia
–Phoenix
–Pittsburgh
–Portland
–Providence
–Raleigh
–Riverside
–Rochester
–Sacramento
–Salt Lake City
–San Antonio
–San Diego
–San Francisco
–San Jose
–Seattle
–St. Louis
–Tampa
–Tulsa
–Washington, D.C.
–West Palm Beach



Medical Office Access

Econometric Advisors is offering all EA clients a free trial for one quarter. If you are interested in subscribing to Medical Office fundamentals, please contact your Account Manager.
EA Client Care:
Joe
Chiappone
Sales Director
+1 617 912 5266
joe.chiappone@cbre.com
Alison
Grimaldi
Principal Account Manager
+1 617 912 5248
alison.grimaldi@cbre.com
Meghan
Phillips
Account Executive
+1 617 912 5244
meghan.phillips@cbre.com

Medical Office Economists:
Stefan
Weiss
Sr. Managing Economist
+1 212 984 8066
stefan.weiss@cbre.com
Christina
Tong
Economist
+1 617 912 5222
christina.tong@cbre.com
Leadership:
Dennis
Schoenmaker, Ph.D.
Executive Director
+44 20 7182 2325
dennis.schoenmaker@cbre.com
Kasia
Dziewulska
Executive Director
+44 207 182 2988
kasia.dziewulska@cbre.com





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