Though investments were on the decline, prices for medical property space continued to increase, up $1 per square foot from the fourth quarter of 2023.
Rent for medical office space was also on the rise, up 0.5% quarter over quarter, and 1.3% year over year to $24.70 per square foot.
Across the 59 medical office markets monitored by CBRE, there is currently 11.2 million square feet of medical office inventory under construction.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
