The medical office market in Atlanta has exhibited several signs 2019 should be another strong year for the booming sector. Atlanta tied Houston for the busiest market for investment sales over the past two years (2017-2018), totaling 3.6 million square feet. The city also ranked among the top markets for leasing activity in 2018, totaling 1 million square feet.
Several hospitals and MOB properties have recently completed or announced plans to expand their facilities. Even in-town markets like Buckhead, which have not experienced new construction, saw new buildings come online like 371 East Paces Ferry, the first new medical office building to be delivered inside the Perimeter in nearly 10 years. Cushman & Wakefield recently secured an 8,610-square-foot lease at the project.
Additionally, by 2025, Healthcare & Social Assistance GDP spending is forecasted to grow by 22% in the city, more than the 16% growth expected across the 20 largest healthcare markets. For more fast facts on the healthcare sector, check out the infographic below.