MOB Sales Fell by Nearly 50 Percent in the Second Quarter, But the Sector’s Outlook Is Strong
Despite lost revenue earlier in the pandemic, the medical office sector is bouncing back.
August 6, 2020 | Sebastian Obando | National Real Estate Investor
Investment sales volumes in the medical office buildings (MOB) sector have dipped and cap rates have flattened in recent month, but the sector seems to be bouncing back.
The volume of MOB investment sales transactions in the second quarter of 2020 totaled around $2.2 billion, a 43 percent decrease compared to a year ago. In the first quarter of 2020, MOB investemtn sales volume reached $3.7 billion, according to data firm Real Capital Analytics (RCA).
The CoStar Group, another provider of commercial real estate data, pegs MOB investment sales volume at around $2.1 billion in the second quarter, a drop of 54 percent from $4.7 billion from a year ago.
