Cory G. Fulton

Looking for Your Next CRE Investment? Tampa Bay Medical Office Is Worth a Closer Look

While traditional office continues to face headwinds, medical office buildings (MOBs) in Tampa Bay are outperforming—and signaling where smart capital is moving next.

Here’s what investors should be paying attention to:

• Follow population growth, not headlines
Pasco County and southeastern Hillsborough are seeing strong absorption driven by rapid population growth and healthcare demand. These submarkets offer long-term stability rather than short-term office volatility.

• Hospital-backed assets are winning
Major systems like TGH, BayCare, AdventHealth, and Orlando Health are actively expanding. Assets near hospital corridors (US-301, I-75) benefit from durable tenancy, sticky demand, and lower rollover risk.

• Supply is constrained—and lenders are selective
With lenders requiring 50–60% preleasing and limited high-quality inventory available, well-located MOB assets are becoming increasingly competitive. This favors existing owners and disciplined buyers who move early.

• Medical office isn’t just defensive—it’s a strategic growth play in Tampa Bay when approached with the right market knowledge and underwriting.

• If you’re evaluating your next acquisition or want to understand where the best opportunities are emerging, call me and let’s talk strategy.

 Source: CoStar Insight
https://product.costar.com/home/news/405232388