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While MOB Rent Levels are Strongest in Coastal Markets, Rent Growth is Fastest Elsewhere

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For healthcare tenants in costal markets such as Los Angeles, San Jose or San Francisco, it is understood that higher rent levels come with the territory.  Historically hard to build, high demand markets on the coasts have allowed rent levels to build over the years.  In fact, the 2 most expensive rent markets (of the top 50 metros) for MOBs in 3Q23 are San Jose ($45.81 avg NNN rent) and San Francisco ($41.00 avg NNN rent). 

Read moreWhile MOB Rent Levels are Strongest in Coastal Markets, Rent Growth is Fastest Elsewhere