To explore more data on the top 10 metropolitan areas for medical office space, see the map below.
Medical office buildings take up nearly 335 million square feet of space in the 10 largest metropolitan areas for medical real estate inventory, according to new data published by Revista. But the distribution of space across all 10 is anything but equal.
According to the Annapolis, Maryland-based firm, the New York-New Jersey metropolitan area leads other regions with about 96 million square feet dedicated to medical office buildings. The next closest market, the Los Angeles area, recorded 47 million square feet.
However, when comparing total medical office square footage to population, Philadelphia rises to the top of the list. The Philadelphia metro area has 30 million square feet of medical office space serving its population of more than 6 million people. Compare that with New York-New Jersey, whose 20 million people are served by those 96 million square feet of medical space.
Revista published the metropolitan market data to coincide with its launch of a new medical property database that lists real estate info for a broad scope of facilities across the country.
To explore more data on the top 10 metropolitan areas for medical office space, see the map below. Map bubbles are sized based on the total square footage of medical office buildings in that metro area. Click on each bubble for more information on each market, including space compared to population and the specific number of medical office buildings in each area.