The medical office transaction market is showing no signs of slowing down through the first quarter of 2022. Overall transaction volume set a 1st quarter record in 2022 with $4.3 billion of buying activity. 1Q22 also set a record for TTM or annual volume which tallied $20.8 billion. The annual figure marks the first time TTM volume has been running over $20 billion in the Revista database.
For perspective, the $20.8 billion represents approximately 4% the US MOB stock. This is according to Revista’s 2022 size and scope update of $498 billion for the US MOB stock. We will monitor to see if transaction activity continues on its torrid pace or if it begins to moderate.