PG Commercial Real Estate – Commercial Realtor Montgomery County, PA and Greater Philadelphia Region

CLASS A and B Submarkets in Philadelphia – 1st Q 2015

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CLASS A Office
SUBMARKET STATISITICS
1st Quarter 2015
Existing Inventory Vacancy YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Montgomery County
Conshohocken 24 3,341,039 299,048 308,775 9.2% 109,771 0 0 $31.54
Ft Washington
Spring House
20 1,894,472 558,205 563,740 29.8% (69,745) 0 0 $22.93
Horsham/
Willow Grove
38 3,881,400 207,580 207,580 5.3% (4,966) 0 0 $23.99
King of Prussia
Wayne
90 8,873,293 1,249,845 1,346,631 15.2% 2,926 0 0 $27.53
Plymouth Mtg
Blue Bell
46 3,883,293 504,259 521,105 13.4% 123,163 0 0 $24.38
Philadelphia County
Market Street East 7 4,124,862 342,798 355,673 8.6% (31,950) 0 0 $24.12
Market Street West 43 27,120,333 2,786,299 2,868,131 10.6% 7,412 0 2,166,682 $30.64
Southern NJ
South Burlington County 36 3,304,682 165,419 165,419 5.0% 18,882 0 0 $15.39
South Camden County 10 1,240,156 182,759 182,759 14.7% 0 0 0 $17.75
                   
CLASS B  Office
SUBMARKET STATISTICS
    1st Quarter 2015
Existing Inventory Vacancy YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Montgomery County
Conshohocken 68 860,945 33,541 52,613 6.1% 6,926 0 0 $24.08
Ft Wash/
Spring House
106 2,080,214 252,657 309,111 14.9% 4,362 0 0 $19.98
Horsham/
Willow Grove
206 5,483,373 657,377 735,330 13.4% 131,310 0 0 $23.16
King of Prussia Wayne 156 4,179,278 595,496 596,896 14.3% 55,328 0 0 $20.75
Plymouth Mtg Blue Bell 126 3,781,320 879,882 921,971 24.4% (53,939) 0 0 $20.17
Philadelphia County
Market Street East 71 6,092,514 550,274 551,274 9.0% (20,558) 0 0 $26.62
Market Street West 136 8,956,108 551,150 563,947 6.3% (87,371) 0 0 $22.12
Southern NJ
South Burlington Couty 214 3,987,651 403,011 410,294 10.3% 1,159 0 0 $15.17
South Camden County 199 3,084,993 459,093 459,093 14.9% (1,389) 0 17,800 $16.75
Source: CoStar Property

Posted in: Philadelphia

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