The BGL Medical Office Market Update is a quarterly research publication highlighting national medical office building transactions, and industry trends within the medical office building real estate market.

Medical office building sales slowed in Q1 2021 compared to Q1 2020 levels. Quarterly transaction volume declined 64.6%, from $4.29 billion to $1.52 billion, and the transaction count fell from 356 to 200, a 43.8% decrease. Although transaction volume is down, price per square foot (PSF) averaged $370, an increase of 24.2% from a year ago.