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Jim Kornick

WASHINGTON, DC–There is an evolution underway in the medical office space that is similar to the competition, in some markets at least, between commodity A and A-plus office space and the trophy office space. The requirements expected of a medical office building are becoming more sophisticated and these changes are creating a schism in the market between the older stock and what Avison Young has dubbed in a new report, the modern medical office building. “In the midst of the ongoing transition in the healthcare MOB landscape, a sharpening of the lends on the modern MOB and the traditional MOB reveals differences that are striking,” according to the report “Evolution of Healthcare and its Impact on the Real Estate Landscape in the United States.”

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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