U.S. medical office market fundamentals have been resilient in 2019, reported CBRE. Demographic and healthcare industry trends are firmly entrenched and forecast to persist, supporting long-term demand for medical office space.
The U.S. medical office vacancy rate remained at 10.3 percent through midyear 2019 –– its lowest level of the expansion –– and average asking rents stayed near record levels.
Rent growth fell to 1.8 percent year-over-year in the second quarter 2019, down from the five-year average of 2.6 percent, as net absorption has softened since mid-2017.
Top-tier domestic institutional and foreign capital, as well as REITs, have fuele
