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Feature Story: MOB sales are off to a hot start: $3.8 billion in Q1 2022

It will likely be the biggest quarter ever by the time all the data is in, Revista says

By John B. Mugford

Q1 2022 MOB space absorption of 18.5 million s.f. (on a TTM basis) was also up versus Q4 2021 and was by far the most since 2019. (Slide courtesy of Revista)

The year 2021 got off to what could certainly be described as a lackluster start in terms of medical office building (MOB) sales.

In fact, the first quarter (Q1) of 2021 saw an MOB sales volume of just $2.1 billion, the second lowest total since Arnold-based Revista began compiling healthcare real estate (HRE) data for its subscribers in 2015.

Of course, in no way was the moribund Q1 sales volume an indication of what was to come in the remainder of 2021, as Revista’s most recent and updated statistics indicate that last year’s MOB sales total not only broke the all-time record, but shattered it.

The final volume for 2021 came in at $18.3 billion, or 15.3 percent higher than the next highest total tallied by Revista: $15.5 billion in 2017.

Fast forward to Q1 2022, and the new year is off to quite a strong start, with preliminary figures showing a quarterly volume of

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