Medical Office Buildings Remain Resilient Amid National Vacancy Trends

originally published by IRINA LUPA for NAIOP National with permission to repost

As two tumultuous years closed for the office sector and return-to-office plans were upended by new variants and case surges, millions of workers remained in remote or mostly remote setups. And, while the average office vacancy rate climbed across top U.S. markets, one segment continues to show resiliency: medical office buildings (MOBs).

Even though elective and non-essential procedures declined in the early days of COVID-19’s emergence, the demand for these procedures rebounded by the end of 2020 — and created increased interest for MOBs among developers and investors.

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