Healthcare trends favoring outpatient services and DFW’s robust growth have “created strong tailwinds for the medical office sector,” Transwestern says in its second-quarter DFW medical office report. The highlights:
- Hospital employment is flat, but employment in ambulatory services is exceeding pre-COVID levels
- Leasing velocity has remained solid over the last 24 months
- Vacancy has decreased to 12.9%, down 130 basis points from last year
- Construction levels remain modest due to headwinds from cost increases
STREAM REALTY DEALS: ARLINGTON
- Alpha Furniture leased 160,120 square feet at GSW Distribution Center 20 in Arlington. Lee & Associates represented the landlord, GRM Document Storage. Luke Davis and Charles Brewer with Stream Realty Partners represented the tenant.
- Genuine Cable Group leased 18,000 square feet at Park 20/360 - Building 7 in Arlington. Matt Dornak, Luke Davis, and Charles Brewer with Stream Realty Partners represented the landlord, Heitman. Newmark Knight Frank represented the tenant.
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