Article written by Spencer Hogan, Newmark Grubb Knight Frank Global Healthcare Services - Investor demand for medical office buildings accelerated significantly in 2014. The year closed with over $9 billion in total medical office building sales located in the US, a 21% YOY increase (RCA). According to RCA, the average capitalization rate by quarter for the year declined 30 basis points YOY to 7.24% from 7.54% and the average price per square foot increased $12 YOY to $223 from $211.

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