Philadelphia office market reports
Q2 2023
Under Construction & Renovation
The development of new headquarters for Morgan Lewis and Chubb Insurance in the Center City West submarket accounts for 48% of total SF under development.
Total Availability
This has been driven largely by an increase in available sublease SF, increasing 20 bps from 3.3% in Q1 23’ to 3.5% in Q2 23’ respectively.
CMBS Loan Maturities
Compared to other major office markets, Greater Philadelphia is relatively insulated from CMBS exposure due to a historically active banking ecosystem at the local and regional level.
Your source for the latest Philadelphia office market reports
Get in-depth office market reports and insights from commercial real estate experts in the Greater Philadelphia area. Avison Young advisors look at Philadelphia commercial real estate activities and the latest Philadelphia statistics to provide you expert market research on Philadelphia's office properties.
Explore different topics like the latest office market pricing trends and analysis of Philadelphia's current office real estate market conditions. Gain a better understanding of Philadelphia’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Philadelphia's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Philadelphia.
The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.