Demand for medical office buildings continues to overwhelm supply in mid-year 2013, pushing pricing higher and causing capital to chase tertiary properties. More than 120 medical office buildings (MOBs) valued in excess of $1.8 billion sold in the first half of this year, according to Jones Lang LaSalle’s practice. Though that number is down from mid-year 2012, which saw 171 transactions at $2.3 billion, values are greater this year, with the average price per sq. ft. at $197, ...
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