NEWMARK KNIGHT FRANK

Q2 2014 HEALTHCARE CAPITAL MARKETS TRENDS – BY NKF SPENCER HOGAN

Demand for stabilized MOBs has continued to accelerate in 2014. According to Real Capital Analytics (“RCA”), Q2 2014 closed with transaction volume of over $2.0 billion in total medical office sales, a 55% YOY increase. While transaction volume is high, cap rates remain low as institutional and private equity investors compete for increasingly constrained supply. The average cap rate for all MOB sales located in the US declined 19 bps YOY to 7.36% in Q2 2014 and the average price per SF increased $20 YOY to $226 (RCA).

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2017 Healthcare Real Estate Outlook