Highlights

  • Absorption numbers continue to be positive in the second half of 2016 with absorption for the year at +100,323 square feet.
  • The Southwest submarket has the lowest vacancy rate of all offcampus submarkets at a rate of 2.5 percent, compared with 6.8 percent vacancy for the overall off-campus market.
  • On-Campus vacancy continues to decrease from 9.5 percent to 8.8 percent, nearly half of the vacancy can be attributed to activity at St. Joseph’s and the Mercy Campus.
  • 2016 brought over 445,000 square feet of new medical office space, with over 1 million square feet of additional space currently under construction.
  • Southeast/East metro construction is ramping up with seven large projects under construction totaling over 550,000 square feet.
   

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