Nearly 67% of medical office properties resold since 2024 appreciated, compared to 52% for general office, per data.
Medical office properties have shown stronger value appreciation than general office spaces, with 67% of nearly 500 resold properties since 2024 gaining value. In contrast, only 52% of general office properties appreciated over the same period.
The share of medical office starts rose to 26.2% in 2025 from 11.0% in 2020, reflecting growing demand. National office vacancy rates stood at 17.7% in July, while office-using employment declined by 0.2% year-over-year.
Healthcare employment, up 2.4% year-over-year, has driven demand for medical office space. Essential care requirements and an aging population further support the sector’s resilience amid broader office market weakness.