2024 Mid-Year Texas White Paper
During the opening half of 2024, the Dallas-Fort Worth (DFW) healthcare real estate market continues to thrive, driven by robust job growth and
significant healthcare expansions. According to Revista, the DFW market ranks #4 nationally as it remains a magnet for healthcare investment,
supported by a rapidly growing population and increasing healthcare needs. The occupancy rates for medical outpatient buildings (MOBs) in
Dallas has slightly increased to 90.2%, with base rents ranging from $18.00 to $33.16 per square foot, averaging $25.04. Despite a steady year-over-year rent growth of 2.8%, the market has faced challenges, with a 49.2% decrease in transactions and a 58.4% drop in transaction volume,
highlighting financial and operational hurdles faced by healthcare providers and investors.
As The TICI Group of Companies moves forward, the shareholders are reminded that it all began over a century ago with a vision of Lucretia Mendiola in 1911. It is instilled in the same vein for the third generation to deliver the same values, work ethic and integrity for generations to come.