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United States | Philadelphia, PA

Report | Philadelphia Suburban Office Insight - Q3 2016

Summary

New construction's set to bring five new projects to the Philadelphia suburbs that will add more than 568,000 square feet of Class A space once they are complete. Three of the five are new starts while two are built-to-suit for Franklin Mint and Highway to Health.

Q3 was a slow month for leasing activity, but King of Prussia/Wayne saw a few big deals. Big leases at 150 S Warner, 610 Freedom Business Center Drive and 1000 1st Avenue may help the submarket finish the year with positive net absorption.​

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