Commentary by: Eric Murphy, Managing Director, Global Healthcare Services
Medical office building (MOB) transactions slowed down in the second quarter of 2022 with a 12% decrease in volume compared to second quarter of 2021. Overall, the second quarter of this year saw 264 medical office buildings transact, totaling $2.7 billion. The average cap rate increased slightly to 6.2% compared to previous quarters of 6.1%. The average deal size for the properties closing in the second quarter was $10.5 million with an average price per square foot of $345. Data for the quarter was analyzed through the transaction data in MSCI Real Capital Analytics.
Current Conditions
Avg Cap Rate – 6.2%
Avg Deal Size – $10.2M
$ / SF - $345
Source: MSCI Real Capital Analytics
