PRICES AND VELOCITY BOTH CONTINUE TO INCREASE
By John Mugford
There’s a rumbling in the tummies of many institutional investors these days, with one of their major cravings being medical office buildings (MOBs). And it doesn’t look as if these appetites will ease anytime soon.
That’s the word – not in those exact terms, of course – from national real estate brokerage firm Marcus & Millichap, which recently compiled statistics for nationwide, second quarter (Q2) MOB sales.
For Q2, Marcus & Millichap confirmed 61 MOB transactions totaling just more than 4.6 million square feet.
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