Report | Philadelphia Suburbs Office Insight - Q1 2016
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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