Q1 SAW MORE TRANSACTIONS, LESS DOLLAR VOLUME
By John Mugford
There seems to be a growing sense in the medical office sector that big deals are becoming harder to come by and that the market is seeing more – but smaller – transactions.
While it might be too soon to call that a sustained trend, a recent analysis of medical office building (MOB) sales data seem to bear that out – at least for the short-term.
For the first quarter of 2005 (Q1 2005), national real estate brokerage firm Marcus & Millichap was able to confirm the closings of 49 MOB transactions totaling slightly more than 3 million square feet. That’s an increase in velocity (the number of transactions) of 15 percent compared with the previous quarter and up 44 percent from the same quarter last year.
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