戴德梁行+2022年TRIAD医疗办公室市场报告-16页_6mb

Summary of TRIAD Medical Office 2022 Year-End Market Report

Market Overview:

The Triad Medical Office market, covering Greensboro/Winston-Salem, experienced economic resilience and inflationary pressures in 2022. Unemployment rose slightly to 4.1%, but healthcare employment grew, with ambulatory services jobs increasing by 3.5% to nearly 33,700. Vacancy rates dropped to 4.9%, below the five-year average of 5.1%, as available space decreased. Average gross rent reached $25.17 psf, a 10.7% year-over-year increase, driven by high demand. Lease activity was strong, with net absorption of 83,000 sf despite new construction additions.

Sub Markets:

• Forsyth County: Lowest vacancy rate at 2.6%, with 5.6 million sf inventory.
• Guilford County: Higher vacancy rate of 7.2%, with strong leasing activity and average rent around $24-28 psf.
• Alamance County: Toughest market with 2.2% vacancy; a new 30,000-sf property delivered and helped with supply growth.

Construction Activity:

In 2022, a 30,000-sf medical office building near Alamance Regional Medical Center delivered, with 88.7% pre-leased. Pipeline includes projects like a 24,000-sf building in Alamance County and a 36,000-sf project in Forsyth County, indicating ongoing development activity.

Lease Transactions:

2022 saw significant leasing with net absorption of over 80,000 sf, driven by new leases and renewals. Key transactions included deals like DRI Alamance and Eagle Physicians leasing spaces, contributing to market occupancy gains.

Investment Sales:

The year featured several property sales, such as a $21.5M sale in Forsyth County at $548 psf, indicating sustained demand for medical office properties.

Healthcare Advisory Team:

Cushman & Wakefield's team offers strategic real estate services, with expertise in healthcare investments and leasing. The group has a global presence and focuses on enhancing patient care and operational efficiency through real estate solutions.