NEWMARK KNIGHT FRANK

$608M+ in MOB Transactions for September 2019

Article commentary by: Jessica Moore, Financial Analyst, Global Healthcare Services

187 medical office building transactions closed in September, totaling over $608 million or 3.04 million square feet. Texas had the most medical office building transactions with 18 (9.6% of total), followed by Florida with 16 sales (8.6% of total). The average deal size was $4.4 million. Menashe Properties’ $112.9 million acquisition of the Medical Dental Building was the largest transaction during August, according to Real Capital Analytics.

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Source: Real Capital Analytics, as of October 25, 2019

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2019 Healthcare Real Estate Outlook