Strong demand for specialized space such as medical office buildings will help backstop availability in the office sector amid its challenges, even off-setting vacancy drops, according to the Marcus & Millichap 2Q National Office Report.
As with traditional office properties, transactions involving medical office assets slowed going into the first half of 2023, but not as severely as traditional office space.
"While most medical office tenants have incorporated some degree of virtual work, hybrid interactions supplement in-person visits rather than replace them," according to the report.
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