Healthcare Capital Markets 2025 Outlook

Key Takeaways • MOB transaction activity rebounded in 2024 and is poised to grow further as interest rates decrease.

WHAT CAN HEALTHCARE INVESTORS EXPECT IN 2025?

• Pricing has rebounded from 2023 lows and is expected to grow further in 2025.

• Cap rates remain attractive relative to risk-free options.

• Developers, operators, institutional investors and real estate private equity (REPE) advisors are expected to be the most active buyer groups in 2025.

• Significant opportunities exist, particularly in high occupancy markets across the country.

• As CRE recovers, MOB will continue to be a preferred alternative asset class, supported by strong fundamentals and demographic drivers.