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.
Source: MSCI Real Capital Analytics
