medical offices Archives

ORION closes medical office for $3.2M

medical office
by in AZRE Magazine | Medical

ORION Investment Real Estate is proud to announce the sale of the Parkwood Professional Plaza for $3,200,000 ($43.53/SF). This 73,514 square-foot, four-story, medical office building is situated at the intersection of 19th Avenue and Missouri Avenue, next to the new park-and-ride lot for the Valley Metro Light Rail system. The property was 40 percent occupied… Read More →

LGE Design Build completes 20K SF medical offices

LGE Design Build
by in AZRE Magazine | Medical

LGE Design Build has completed a 20,500-square-foot medical office building in Anthem for Wood Orthodontics and Sheppard Pediatric Dentistry. The new horseshoe-shaped building, at 41930 N. Venture Dr., includes a water feature in the courtyard. A bubble wall that blows real bubbles for patients separates the offices for Wood Orthodontics and Sheppard Pediatric Dentistry. The building has visible… Read More →

2015 medical office vacancy lowest since 2008

medical office vacancy
by in AZRE Magazine | Medical

The Greater Phoenix medical office market strengthened in 2015, particularly in the second half of the year, according to Colliers International‘s fourth quarter 2015 medical office market report. Vacancy ended the year below 17 percent, the lowest figure since mid-2008. Local vacancy is expected to continue this gradual pace of improvement, even as a few new… Read More →

Vacancy ticks higher as tenant demand patterns shift

Doctor, Vacancy
by in AZRE Magazine | Brokerage

Colliers has release its 2014 Medical Office Report for the first quarter. Highlights include: Economic and employment growth slowed in the first quarter and these demand drivers spilled over into the medical office market. Despite the recent slowdown, there are indications that growth should accelerate in the coming quarters, supporting future space demand. Vacancy in… Read More →