Investing in
Philly's Medical
Office Market
Medical office is one of the most resilient asset classes in commercial real estate — and Greater Philadelphia is one of the best markets in the country to own it right now.
Tenants don't move. Medical buildouts are expensive and physicians are long-term occupiers by necessity. NNN lease structures keep income predictable and management overhead low. And in a market where health system consolidation is driving sustained outpatient demand, well-positioned suburban assets are performing while the rest of the office market sorts itself out.
Greater Philadelphia ranks among the top three medical office markets in the U.S. for net absorption
Jefferson Health just completed a $14 billion merger with Lehigh Valley Health Network, creating a 32-hospital, 700-site system actively expanding its suburban footprint. Penn Medicine is acquiring Doylestown Health and pushing deeper into Bucks and Montgomery counties. Main Line Health is building out across Chester County.
Every one of those moves signals sustained demand in submarkets that are still catching up to population growth — and the window to acquire ahead of the next wave of expansion is open now.
One angle worth noting: many suburban MOB owners are aging physician-owners who are simultaneously exiting their practices. Those buildings rarely hit the open market. Jon's relationships on the physician side give his investor clients access to opportunities a traditional investment broker never sees.
Whether you're acquiring your first medical asset, executing a 1031 exchange, or building a portfolio in a market with real long-term fundamentals — Jon advises on both sides of the transaction with the same specialized lens.
The Greater Philadelphia opportunity isn't in Center City — it's in the collar counties, where population is growing and healthcare infrastructure is still catching up.
Montgomery County
King of Prussia and the Route 202 corridor are seeing aggressive outpatient expansion from every major system. High-income demographics and institutional demand make this one of the most active submarkets in the region.
Bucks County
Penn Medicine's acquisition of Doylestown Health signals what the data already shows: this market is underserved relative to its demographics. Newtown, Doylestown, and Warminster are all worth attention.
Chester County
West Chester, Exton, Malvern, and Collegeville are experiencing significant residential and commercial growth. Healthcare infrastructure is lagging population growth — which creates real opportunity for well-positioned practices and investors.
Delaware County/Main Line
Mature market with strong patient demographics and steady demand. Competitive, but navigable with the right relationships and market knowledge.
South Jersey
Jefferson's tri-state expansion has activated this submarket. Often overlooked by practices focused solely on Pennsylvania, but worth serious consideration for the right specialty groups and investors.
Ready to Invest?
Whether you're acquiring your first medical office building, adding to an existing portfolio, or have decided it's time to sell — contact Jon to discuss your goals.