Fundamentals continue to improve, RevistaMed data shows, but sales are up, too
By John B. Mugford
As of Q3 2026, average MOB occupancy rates in the top 100 U.S. markets were at a cyclical high of 92.2 percent, according to data shared during the recent Revista quarterly webcast, which featured Revista Principals Mike Hargrave and Hilda Martin. (HREI™ photo)
For owners of medical outpatient buildings (MOBs), the data just keeps proving time and time again how worthwhile such investments are.
Perhaps the best example is the current occupancy rate for MOBs in the country’s top 100 markets, which is at a cyclical high of 92.2 percent. At the same time, the absorption of MOB space reached 14 million square feet on a trailing 12-month (TTM) basis in the third quarter (Q3), which was well above the 12 million or so square feet of new MOB space completed during that timeframe.
At the same time, triple-net rental rates in MOBs have risen steadily during the past decade or so, climbing from less than $21 per square foot (PSF) almost 10 years ago, in Q1 2017, to
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
