Single-story advantage: Lower vacancy in U.S. healthcare buildings reflects provider demand for accessible space
- Vacancy rates in single-story medical office buildings (MOBs) remain consistently lower than those in multi-story buildings, with 2025 on track to mark the third straight year of a spread over 3%, highlighting tenants’ strong preference for easily accessible space.
- From 2020 to 2024, vacancy rates decreased 16% in single-story MOBs, compared to a 1% increase in vacancy rates for multi-story buildings.
- This divergence underscores a clear opportunity for healthcare real estate investors to prioritize single-story developments that align with evolving provider needs and operational priorities.
