• Medical office building (MOB) vacancy fell 10 basis points in 2021, while Office vacancy rose 160 basis points.
• An increase in absorption and slowing deliveries drove the improvement in fundamentals.
• Average net asking rents rose 1.7% in 2021, to a new high of $22.61 per square foot.
•50.4 million square feet of MOB space is underway across the country, 70% of which is off-campus.
• Investment sales set records in 2021, and 2022 started with a splash with Healthcare Realty Trust and Healthcare |
Trust of America announcing a merger valued at $18 billion.