Cushman & Wakefield’s head of life sciences and healthcare insights Sandy Romero has revealed that occupancy for the most recent medical outpatient building (MOB), was 92.8%. That’s after 15 straight quarters of growth.

It isn’t surprising. As GlobeSt.com has previously reported, 2025 could likely be called the year of MOBs, according to CBRE Research. Specifically, an aging population, growing healthcare spending, transformative technologies, and consumer preferences will make these properties an increasingly popular choice for care delivery.

There are 61 million people aged 65 and over, which is currently 14% of the total population. By 2030, that’s expected to be 70 million, representing 20% of everyone, as the last of the baby boomers reach retirement age. Seniors will cause healthcare spending to jump by 31% to nearly $2 trillion. As people age, the average per capita annual healthcare spending of $8,000 for those under 65 jumps to $20,000; for groups 65-to-84, it then leaps to $35,000 for those over 85.