Wichita Medical Office Overview

WICHITA Medical Off ice

Wichita Area Medical Office Overview

Q2 2018 Statistics*



Historically, medical office development has been primarily in the northeast quadrant of the city, followed by the northwest, southeast and southwest quadrants. Northeast has grown to a point that a clear distinction into two separate submarkets has developed. Wichita is best described by location quadrants, with U.S. Highway 54/Kellogg Avenue as the north-south divider and Broadway as the east-west divider. In recent years, Derby has experienced a great amount of growth. The Wichita Medical Office Building (MOB) Market Overview for the second quarter of 2018 indicates inventory of 3,800,954 square feet of MOB space, including the Derby market. Ascension Via Christi is Kansas’s largest nonprofit health network. The organization operates three major healthcare complexes in the Wichita area — St. Francis hospital in the CBD, St. Joseph hospital in the southeast and St. Teresa hospital in the northwest — along with a number of other primary and specialty care facilities. Wesley Medical Center is owned by Nashville-based HCA Inc., which operates more than 170 acute-care hospitals across the United States and abroad and has more than 40,000 beds. Combined, these organizations offer more than 1,568 beds across Wichita and dominate medical office users within the CBD and southeast and northeast quadrants. The northeast quadrant has been developed through physician- owned specialty hospitals. There are four physician-owned hospitals, all of which are within the northeast quadrant. These include the Kansas Medical Center, Kansas Heart Hospital, Kansas Spine Hospital and Kansas Surgery & Recovery Center. Galichia Heart Institute was also physician-owned until Wesley’s recent purchase of much of its operations. Via Christi also operates the region’s only inpatient dual-accreditation rehabilitation hospital within the northeast quadrant of the city. Prior to the addition of Via Christi Hospital — St. Teresa, the two major medical facilities in northwest Wichita included the Kansas Orthopaedic Center and the Ridgewood Surgical Center. The Kansas Orthopaedic Center was built in 2007 and contains 53,446 square feet. This facility is owner-occupied and is also an ambulatory surgical center. The Ridgewood Surgery Center was built in 2006 and contains 32,063 square feet. In July 2015, Dr. Crystal Walker and Dr. Mariah Frazier opened a new 8,300-square- footChildren’sDental Clinicat 37thandMaize, adjacent to its former











2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2


2018 Q2

2018 Q1

2017 Q4

2017 Q3

2017 Q2

(100,000) (80,000) (60,000) (40,000) (20,000)


20,000 40,000 60,000









2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2

*Numbers reflect Wichita market area statistics. Data supplied by NAI Martens Research. **Asking rates in Q1 and Q2 2018 are lower due to class B medical office space entering the market. Rent figures reflect full service leases.

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435 S Broadway St, Wichita, KS 67202 | Main 316 262 0000 | www.naimartens.com

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