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By John Milsaps - December 19th 2020
Health systems lead third-quarter activity as cap rates show modest compression during a quarter that saw lower transaction volume. The H2C’s second quarterly medical office building (“MOB”) report reflecting the full impact of the COVID-19 pandemic. While COVID-19 continues to weigh on transaction volumes, with volumes totaling only $1.6 billion, marking the lowest quarterly transaction volume since Q1 2014, the MOB sector continues to show remarkable resilience in pricing. Average cap rates saw a slight decline of five basis points […]
By John Milsaps - December 17th 2020
2020 has been a roller coaster. Little by little, parts of the economy have been starting to move toward recovery. Metrics for October 2020 show a continuation of the upward trend, including transaction volume growth, an increase in the number of transactions, and climbing AVG $/SF to reflect the ongoing recovery In October 2020 a total of 16 transactions took place in the Hillsborough County/Tampa area, totaling $67,805,000 in transaction value. There was a +653% YOY increase from $9,006,400 in […]
By John Milsaps - December 10th 2020
Is it time to sell and cash-out to invest in higher-yielding asset classes? Some investors seem to think so. Many property types have taken a hit over the last few months in pricing and transaction volume. While transaction volume has certainly been impacted, medical office building (MOB) pricing continues to hold steady while the price per square foot for the asset class has actually trended upward. As investors look for safer havens, some investors are moving into the MOB sector […]
By John Milsaps - November 25th 2020
This has been a rough year. Office property owners and especially medical office owners, however, are seeing values fare better than expected. Metrics for September continue to show improvement across the board including month-over-month transaction volume growth, number of transactions, and AVG $/SF. In September 2020, 14 transactions took place in the Hillsborough County/ Tampa area for a total transaction volume of $20,455,900. While there was a slight and better-than-expected -6.0% YOY decrease in transaction volume when compared to SEPT […]
John Milsaps has spent the past decade dedicated to his role as a commercial real estate professional who specializes in landlord representation and seller representation. Working as a senior advisor with SVN Coastal Commercial Advisors, he has consistently proven both his commitment to his clients, as well as his extensive knowledge of varying commercial space transactions. His familiarity and understanding of the Tampa bay business community only furthers his ability to connect business owners to the right strategic partners or buyers, whether local or nationwide....