Across Greater Philadelphia, the total available SF for office space remains highest among urban submarkets
Greater Philadelphia Office Availability by Submarket
- The PHL CBD continues to see the greatest amounts of space availability amongst urban submarkets with over 11 MSF available in Center City East and West alone, with an average total availability rate of 22.0%.
- Throughout the suburbs, the Exton/Whiteland submarket has the greatest amount of available space, with just over 2.6 MSF available, and a total availability rate sitting at 27.8%.
- The market continues to grapple with over 6.5 MSF of sublease availability along with a growing amount of high vacancy in lower quality properties.
November 13, 2024
