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United States | Philadelphia, PA

Report | Philadelphia Suburbs Office Insight - Q1 2016

Summary

The Class A market led the way across Philadelphia's core suburban submarkets in Q1 2016, with all experiencing quarter-over-quarter rent growth. Malvern/Exton saw the biggest gains, posting a 1.9 percent quarter-over-quarter jump.

With several large move-ins contributing to more 383,000 square feet of positive net absorption, direct Class A vacancy rates fell to 10.9 percent in Q1. We expect continued tightening across several suburban submarkets throughout the rest of 2016.​

Learn more about what's happening right now in the Philadelphia Suburbs—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.

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