Medical outpatient building investment in New York and New Jersey accelerated sharply through the second quarter of 2026, placing the region among the country’s strongest healthcare real estate markets, according to CBRE’s latest U.S. Medical Outpatient Building Report. The firm’s analysis shows that New York City ranked fourth nationally for MOB investment, reflecting both near-term momentum and sustained year-over-year strength.
For the trailing four quarters ending in Q2 2026, New York City recorded $302.2 million in medical outpatient building investment volume. CBRE reported that this total represented a 191% increase over the prior comparable period, underscoring the rapid growth of capital targeting outpatient healthcare assets in the city. The performance indicates that investors have been increasingly active over the past year, despite broader uncertainty in other commercial property types.
Investment activity in the most recent quarter was also notably elevated. In Q2 2026 alone, the New York City market generated $72 million in MOB investment volume, more than triple the level recorded in the same quarter a year earlier. This short-term spike, combined with the strong trailing-four-quarter performance, highlights the depth of investor demand for stabilized, income-focused medical office properties across the region.
Capital is not limited to the urban core. CBRE’s report found that New York City and its surrounding suburbs on Long Island and in New Jersey together attracted $564 million in MOB investment volume over the four quarters ending in Q2 2026. This combined figure points to a broad-based appetite for medical outpatient facilities that serve both dense urban populations and nearby suburban communities.
CBRE vice chairman Bill Hartman said New York and New Jersey stand out as two of the nation’s most dynamic healthcare real estate markets, citing several structural supports. He pointed to the region’s massive and aging populations, a high concentration of premier hospital systems, and strong patient demand as key drivers of MOB performance. Hartman also emphasized that strict regulations limiting new supply contribute to market stability by constraining the pace of additional development.
According to Hartman, these fundamentals have helped position medical outpatient buildings as attractive targets for investors seeking stable, income-producing real estate. He noted that the sector benefits from resilient cash flows and strong long-term tenancy, with many assets backed by established healthcare providers. Demographic trends and efforts by providers to expand access to convenient outpatient services continue to support the case for MOB investment in New York and New Jersey.
Taken together, the report’s findings suggest that medical outpatient buildings in the New York City area and its nearby suburbs have emerged as a significant focal point for capital deployment within healthcare real estate, with both cyclical performance and long-term demand drivers supporting sustained investor interest.
