Medical Office Building Sales Are Off To A Hot Start: $3.8 Billion In First Quarter 2022
The year 2021 got off to what could certainly be described as a lackluster start in terms of medical office building sales.
In fact, the first quarter 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 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.