Monthly Archives: May 2021

May 20, 2021
John B. Mugford

MOB sales slow down in Q1, but it’s still early for 2021

It is probably safe to say that the volume of medical office building (MOB) salesin the COVID-19 pandemic-ridden year of 2020 exceeded people’s expectations. After a lackluster 2Q and 3Q, sales rallied in 4Q, lifting the total volume for 2020 – despite the pandemic – to $11.5 billion and marking the sixth straight year in which sales topped the $11 billion threshold.
May 18, 2021
Hilda Martin

2021 Transactions Off to a Quiet Start after 4Q Rush of Closings

After finishing out 2020 with one of the strongest volume quarters in recent years, 2021 is off to a quiet start. $1.8B in MOB transactions closed in the first quarter, down from $3.3B in 1Q20 and in line with 1Q19. On a TTM basis, we are now running at just $10B in volume.
May 17, 2021
Mike Hargrave

MOB construction completions fall to multi-year low

Medical Office (MOB) construction completions, which were near peak levels just one year ago have fallen to multi-year lows as of the 1st quarter of 2021. According to newly released Revista data, 18.6 million square feet (MSF) of MOB space completed in the year ending 1Q21.