Newmark Frederick Ross, the region’s leading full-service commercial real estate organization, now offers Denver’s first-ever Medical Office Building (MOB) Market Trends report.
The detailed report includes a summary of MOB activity in the seven-county metro Denver market for 2010, and gives a comparison of quarterly and year-to-date absorption, vacancy rates and rental rates for both on-campus and off-campus buildings by geographical submarket. The report also includes major building sales transactions for the year as well as an overview of the current supply line, with a breakdown of recently completed buildings and buildings currently under construction.
Newmark Frederick Ross brokers Dann Burke, CCIM and Brett Herner, CCIM specialize in Healthcare Real Estate leasing and sales, and worked hand-in-hand with Newmark Frederick Ross Research to create the report.
“We are thoroughly excited to add such a unique and useful tool for our clients,” says Burke, “This report puts key market data at our fingertips, and will certainly elevate the quality of information now available to our clients.”
“One of the great things about our company is its nimbleness in adjusting to the market, both locally and on a global level,” says Herner, “This report is another example of how Newmark is the leading authority for commercial real estate. We saw a need for the MOB market, and we filled it.”
According to Newmark Frederick Ross Research, the company’s MOB data is collected until the end of the reporting quarter and is obtained from representatives of various properties, the combined knowledge of Newmark Frederick Ross brokers and reliable outside sources.
“The dynamics of the MOB market are different from those of the commercial office market,” states Director of Research Lauren Douglas of Newmark Frederick Ross, “For instance, medical leases tend to be long-term, and on-campus MOBs have little or no competition. These and other unique and distinctive factors warrant a separate and thorough examination, and that’s just what our Research group has done in this report.”
Newmark Frederick Ross Research has actively tracked the Denver commercial real estate market and produced highly-detailed market reports for over 30 years. In addition to the new bi-annual MOB reports, Newmark Frederick Ross Research publishes quarterly, detailed market trend reports on the Denver and Boulder industrial, office, and retail markets.
At a corporate level, Newmark publishes market reports covering numerous national and international markets. Newmark Research applies uniform selection criteria which yield an index, made up of select investment-quality assets, for each market. This methodology allows high-level comparisons across global markets.
About Newmark Frederick Ross
Newmark joined forces last year with Frederick Ross Company, the largest privately held commercial real estate office in Denver. Newmark Frederick Ross has invested more than a century building the region’s largest full-service, independent commercial real estate organization. With a solid reputation for superior knowledge and proven results, Newmark Frederick Ross services include leasing advisory, investment sales, property management, consulting, development, marketing and research. To learn more about our capabilities, visit www.newmarkkffr.com.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from over 220 offices in established and emerging property markets on six continents. With a combined staff of 7,300 and revenues last year exceeding $861 million, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.