Average medical outpatient building (MOB) cap rates have increased for five consecutive quarters, ending Q4 at 6.9%, according to CBRE's Q4 report on the asset class.
The average cap rates steadily declined between 2020 and most of 2022 before increasing by 80 basis points between Q3, 2022 and Q4 2023.
"From a general occupancy perspective, medical office is relatively stable," Joe Euphrat, Managing Principal, GreenRock, tells GlobeSt.com.
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