JLL has released its Q1 2023 Phoenix Medical Office stats. Thought you might be interested and so have attached.
The highlights:
- Demand has pushed rents up by a significant 7.5% year-over-year
- Q1 absorption outpaced prior years
- Pre-leasing is robust, with 75% of the Valley's 7 MOB projects under construction already committed to tenants
To read the full report click here.