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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