But occupancy rose to an average of 92.8%, according to RevistaMed data
By John B. Mugford
In addition to Revista’s Mike Hargrave and Stephen Lindsey, the RevistaMed Q1 2025 Quarterly Subscriber Webinar included comments and insights on the medical real estate market from Robert Milligan, CEO of Phoenix-based UDLR Healthcare. (HREI photo)
Although some of the newest data concerning the medical outpatient building (MOB) sector reinforces the notion that the property type remains a solid investment, one statistic remains somewhat worrisome, at least for now: the national sales volume.
Even though many professionals involved in healthcare real estate (HRE) say they believe sales will pick up sooner rather than later, the dollar volume of MOB sales in the first quarter of 2025 marked, for now, a low point since 2016.
According to the latest data from Arnold, Md.-based Revista and its RevistaMed service, which provides HRE statistics for its subscribers, nationwide MOB sales totaled $1.5 billion in the first quarter (Q1), down 44 percent from Q4. And while that figure is preliminary, as more transactions will be filed with local registrars and added to the RevistaMed database in the coming weeks, for now it marks the lowest quarterly MOB sales total since Q3 2023, when the volume was $1.6 billion.
Yet, as noted, other statistics concerning the property type remain strong – as strong as ever, in fact.
For example,
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