NEWMARK

210 Medical Office Building Properties Totaling $1.9B Closed in Q3 2022

Commentary by: Eric Murphy, Managing Director, Global Healthcare Services


Medical office building (MOB) transactions slowed again in the third quarter of this year. Overall, Q3 saw 210 medical office buildings transact totaling $1.9 billion, a slight decrease from the second quarter’s volume of $2.7 billion with 261 MOB transactions. The average cap rate decreased marginally to 5.9% compared to 6.2% in the second quarter of this year. The average deal size for MOB properties in the third quarter was $14.4 million with an average price per square foot of $367.



temp-post-image

Source: MSCI Real Capital Analytics



All information contained in this publication is derived from sources that are deemed to be reliable. However, Newmark has not verified any such information, and the same constitutes the statements and representations only of the source thereof, and not of Newmark. Any recipient of this publication should independently verify such information and all other information that may be material to any decision that recipient may make in response to this publication, and should consult with professionals of the recipient's choice with regard to all aspects of that decision, including its legal, financial, and tax aspects and implications. Any recipient of this publication may not, without the prior written approval of Newmark, distribute, disseminate, publish, transmit, copy, broadcast, upload, download, or in any other way reproduce this publication or any of the information it contains. This document is intended for informational purposes only and none of the content is intended to advise or otherwise recommend a specific strategy. It is not to be relied upon in any way to predict market movement, investment in securities, transactions, investment strategies or any other matter.

Download Our
Brochure

Sign Up for Our Newsletter

VIEW 2022 HEALTHCARE OUTLOOK