Cushman & Wakefield says US medical outpatient building occupancy rises to 92.5% as demand outpaces supply

CUSHMAN & WAKEFIELD PLC

CWK

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Cushman & Wakefield’s 2026 Vital Signs report flagged tight supply in U.S. medical outpatient buildings, with demand outpacing new development.
Q1 absorption hit 3.8 million square feet, up 71% year-over-year, pushing occupancy to 92.5% across the top 50 markets.
Average rents rose 1.9% year-over-year to USD 26.64 per square foot, with faster gains in suburban, Sun Belt markets.
Construction activity fell 10% year-over-year, with projects equal to 2.2% of existing inventory, reinforcing the supply-demand gap.
Q1 investment sales reached USD 1.8 billion, up 36% year-over-year; cap rates stabilized around 6.7%.

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