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 transactions slowed in Q2 2022 compared to Q2 2021 levels. Year-over-year transaction volume dropped to $2.94 billion from $3.28 billion, a 10.4% decrease. Even though the sector observed a reduction in transaction volumes during the quarter, there was an increase in the average price per square foot (PSF) of $356, a 20.0% gain from a year ago.