Skip to main content Skip to footer

2022 Q2 Philadelphia Regional Office Report

Download Report
2022Q2OfficeSitecoreHero1536x1040

Key Market Trends

  • The regional vacancy rate decreased to 15.9% from the record high level of 16.3 in the 1st quarter.
  • Absorption was positive for the quarter and year-to-date with all markets registering gains in occupancy.
  • Asking rents increased minimally by 0.7% for Class A and 0.2% for Class B.
  • Investment volume for the first two quarters was 20% higher than during the last half of 2021.

Subscribe to Greater Philadelphia research reports 

 


2022Q2OfficeSitecoreHero1536x1040

2022 Q2 Philadelphia Regional Office Report

Download Report
Related Experts

Rose Penny

Market Research Director | Philadelphia

Philadelphia

Rose serves as Market Research Director at Colliers and is a member of the Colliers International Research Council.  She is responsible for the compilation, analysis, and dissemination of all market data for the firm.  She is also responsible Colliers Research Reports for Philadelphia, as well as detailed market studies on more than 500 million square feet of commercial real estate in Pennsylvania, New Jersey and Delaware.  Rose produces detailed demographic studies, maintains an extensive database of lease and sale transactions and assists in the preparation of tax studies and opinions of value.

View expert

Luke Nachazel

Market Research Analyst

Philadelphia

Luke works as a Market Research Analyst at Colliers in our Philadelphia Office.  His duties include: compiling and analyzing market data, contributing to Colliers Research Reports, as well as assisting the Brokerage Teams across the Pennsylvania, New Jersey, and Delaware offices.

View expert