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Medical Outpatient Building Sales Surge in H1 2026
Improving capital market conditions, expanding lender appetite and resilient operating fundamentals have driven a surge in medical outpatient building (MOB) investment sales activity, Cushman & Wakefield reported. MOB transaction volume reached $6.7 billion in the first half of 2026, a 21% increase year-over-year.
MOB cap rates, meanwhile, declined 35 basis points Y-O-Y to 6.8%, while average asset pricing reached $368 per square foot in Q2 2026. Portfolio transaction activity more than doubled relative to H1 2025, exceeding $2.6 billion, as the portfolio premium widened to 100 bps over single-asset cap rates.
“Cap rate compression, renewed debt market liquidity, and rising portfolio demand all point to improving investor confidence, while steady rent growth and high occupancy levels reinforce the sector’s underlying fundamentals,” said Sandy Romero, head of office & alternatives research at Cushman & Wakefield. “With capital becoming more readily available, we expect MOBs to remain well-positioned to attract institutional investment through the balance of 2026.”
- ◦Sale/Acquisition
