MOB Cap Rates Compress Across the Board
The overall average cap rate for outpatient medical buildings has previously remained steady at around 6.7% for a number of quarters. Last year we pointed out that although the overall average remained relatively unchanged, deals with the lowest cap rates saw compression. The story has changed in the most recently released Revista reports. All tiers of transactions have seen compression. The overall average is now 6.5%. Combined with off peak total transaction volume, the numbers seem to reflect what a lot of us are feeling – a very competitive market with more interested buyers than there are opportunities. Keep on top of the trends and uncover YOUR next opportunity with a subscription to Revista!