Newtown Office Market Trends

Office Rental Market

  • $26.30 2019 Avg. Asking Rent
  • 10.97 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Newtown was $26.30 per square foot, and the office vacancy rate across the market averaged 10.97 %. During 2019, developers added 0 square feet of new office space to the Newtown market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Newtown Class B Office Buildings$25.61
  • PA Class A Office Buildings$31.23
  • PA Class B Office Buildings$25.39
  • PA Class C Office Buildings$19.94

Newtown, PA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Newtown, PA

  • Newtown, PA Total Sqft completed in 2019 0
  • Newtown, PA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Newtown
Building name Address Total Sqft Year built
100 Campus Drive 100 Campus Drive, 18940 460,514 1998
Newtown Place 105 Terry Drive, 18940 131,927 1987
826 & 828 Newtown-Yardley Road 826 Newtown-Yardley Road, 18940 119,233 2000
Silver Lake Executive Campus 41 University Drive, 18940 86,940 1999
Cricklewood Green 5 Caufield Place, 18940 81,600 2001
Newtown Office Park 760 Newtown Yardley Road, 18940 77,234 2005
Newton Commons West 660 Newtown-Yardley Road, 18940 75,064 1977
The Stocking Works 301 South State Street, 18940 75,000 1998
104 Pheasant Run 104 Pheasant Run, 18940 74,464 1972
662 Penn Street 662 Penn Street, 19053 71,426 2004
Largest Office Properties Recently Completed in Newtown
Office building Address Sqft Completed
17 Blacksmith Road 17 Blacksmith Road, 18940 25,952 2006
Newtown Office Park 760 Newtown Yardley Road, 18940 77,234 2005
662 Penn Street 662 Penn Street, 19053 71,426 2004
Cricklewood Green 5 Caufield Place, 18940 81,600 2001
826 & 828 Newtown-Yardley Road 826 Newtown-Yardley Road, 18940 119,233 2000
10 Friends Lane 10 Friends Lane, 18940 27,590 2000
Silver Lake Executive Campus 41 University Drive, 18940 86,940 1999
100 Campus Drive 100 Campus Drive, 18940 460,514 1998
The Stocking Works 301 South State Street, 18940 75,000 1998
12 Terry Drive 12 Terry Drive, 18940 28,692 1998
Data provided by Commercial Edge

Office Spaces for Rent in Pennsylvania

See trends for nearby markets

The Newtown office market contains an inventory of 1,579,308 square feet of office space, in 35 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Newtown commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.