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Medical outpatient building investment sales rise in H1 2026

MOB cap rates fell 35 basis points year over year to 6.8%, while average pricing reached $368 per square foot in Q2 2026, according to Cushman & Wakefield.

Reported · Written up by our desk · Residential

Medical outpatient building investment sales accelerated in the first half of 2026 as capital markets improved and lenders became more willing to finance the sector, according to Cushman & Wakefield, via ConnectCRE.

MOB transaction volume reached $6.7 billion in H1 2026, up 21% year over year, and portfolio activity rose to more than $2.6 billion, with the portfolio premium widening to 100 basis points over single-asset cap rates.

Cushman & Wakefield said MOB cap rates declined 35 basis points year over year to 6.8%, and average asset pricing reached $368 per square foot in Q2 2026.

Citing improved debt-market liquidity, rising portfolio demand, and steady rent growth with high occupancy, Sandy Romero of Cushman & Wakefield said MOBs appear positioned to attract institutional investment through the balance of 2026.

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