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Providers Properties and Performance

Jun 14, 2022

Today’s episode, I'll go over the first quarter 2022 Arizona Medical Office Report for DOCPROPERTIES. Please visit our website if you'd like to read the documents.

In this episode, we talk about…

[1:31] Grand Canyons state economy approach pre pandemic levelves by the end of the first quarter of 2022 

[1:53] Statewide, the unemployment rate rate had dropped to 3.3% 

[2:14] The healthcare sector was in high demand 

[2:48] Vibrant pace of construction for healthcare facilities as well as medical office buildings by the end of 2020 

[4:23] Capital markets kicked off the year with a sizable number of large MOB sales transactions totaling over 158 million in the first month of the quarter alone. 

[6:45] Asking rents year after year averaging out to a trend with an increase of 4.4%

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