The BGL Medical Office Development Market Update is a quarterly research publication highlighting national medical office building (MOB) transactions, investor activity, and trends within the medical office building real estate market.
MOB sales slowed modestly in Q1 2020 from Q4 2019 levels. However, year-over-year transaction volume increased by 36%, and price per square foot increased by 87%. Medical office properties accounted for 20% of Q1 2020 office transactions—up from 4% the previous quarter—underscoring solid demand for this coveted asset class.
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