Medical Office Building Quarterly Update by John Milsaps

H2C’s MOB Quarterly Update | DEC 2020

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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...
Tampa Office market sales comps for September - October 2020 by John Milsaps

Tampa Office Sales Comps & Report | SEPT – OCT 2020

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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...
MOBs Are Hot Right Now

MOBs Are Hot Right Now

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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...
John MIlsaps Tampa Office Sales Comps Report for August and Septemeber 2020

Tampa Office Sales Comps & Report | AUGUST – SEPTEMBER 2020

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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...

Tampa Office Leasing Update

The Tampa office market is doing relatively well, despite the pandemic.   📌 Over the last 24 months, we’ve held relatively steady at an average vacancy rate of about 7.5%.   📌 Annual rent growth remains one of the strongest in the country. It’s currently...
Tampa Office Sales Comp by John Milsaps

Tampa Office Sales Comps & Report | JULY – AUGUST 2020

We’re now eight months into a historic pandemic. While everyone has been hard hit, the Tampa/Clearwater/St. Pete MSA’s diversified economy is helping us on the road to recovery as office sales activity steadily picks back up. The total transaction volume in Tampa for...
Tampa Employment Growth Trends | September 2020

Employment Growth Trends – Tampa/St. Pete/Clearwater MSA | SEPT 2020

Which industries are growing and which are declining? – Employment & unemployment are important factors affecting the office market.  The Tampa area unemployment rate declined again this month, showing an improvement month-over-month from 6.8% in August to 6.1% in...
John Blog Employment Growth Trends August 2020

Employment Growth Trends in the Tampa-St. Pete-Clearwater MSA

Jobs and unemployment are important factors shaping the office sector. Increasing numbers of jobs indicated an increased need for office space, while higher numbers of unemployment show the potential for a decreased need. Here are the latest unemployment numbers for your...
John Milsaps Sales Comps June-July 2020

Tampa Office Sales Comps & Report | JUNE – JULY 2020

As we made our way into the end of the first half of a truly unprecedented year, sales started to pick up although still showing year-over-year declines. In June, the office market transaction volume was $17,739,000 versus $66,800,100 in 2019, reflecting a -73.4% YOY decrease....
Office-Using Emlpoyment Updates September 2020 - Which office-using sectors are growing, and which are declining?

Office-Using Employment Updates Sept 2020

Employment trends have a direct impact on office demand. As foreseen, national employment in office-using sectors has seen job losses. However, at a 5.6% decline YOY in July 2020, it demonstrates better performance than the overall economy which experienced a decrease of 7.5%...