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Office Insight

United States | Philadelphia, PA

Report | Philadelphia Suburbs Office Insight - Q3 2017

Summary

​Large leases and a limited new construction are pushing Philadelphia suburban rental rates to cyclical highs and vacancy to cyclical lows.

However, overall rent growth is stagnant, outside of a few key submarkets like Radnor, Conshohocken and Bala Cynwyd. Nevertheless, suburban fundamentals should stay strong through year's end, with a robust list of tenants and organic growth of existing firms.

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