2020 Office Space Rent & Sales
- $32.87 2020 Avg. Asking Rent
- 14.84% 2020 Office Vacancy Rate
Berwyn office price per square foot in 2020 was $32.87 on average. The local office market recorded an average vacancy rate of 14.84% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Berwyn Class B Office Space$32.87
- Pennsylvania Class A Office Space$31.04
- Pennsylvania Class B Office Space$24.78
- Pennsylvania Class C Office Space$20.82
Berwyn, PA Office Asking Rents by Class
2020 Office Construction in Berwyn, PA
- Berwyn, PA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Berwyn office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Penn Medicine Valley Forge | 1001 Chesterbrook Blvd, 19312 | 90,000 | 2010 |
| Berwyn Park - 400 | 899 Cassatt Road, 19312 | 124,182 | 2001 |
| Cassford Corporate Center - 1001 Old Cassatt Road | 1001 Old Cassatt Road, 19312 | 72,276 | 2001 |
| 1000 Chesterbrook Blvd | 1000 Chesterbrook Blvd, 19312 | 172,327 | 1999 |
| 1050 Westlakes Drive | 1050 Westlakes Drive, 19312 | 80,000 | 1992 |
| 1055 Westlakes | 1055 Westlakes Drive, 19312 | 119,807 | 1991 |
| 1205 Westlakes | 1205 Westlakes Drive, 19312 | 136,367 | 1989 |
| 1000 Westlakes | 1000 Westlakes Drive, 19312 | 62,468 | 1989 |
| 1235 Westlakes | 1235 Westlakes Drive, 19312 | 136,541 | 1987 |
| Cassford Corporate Center - 1031, 1041, 1051 & 1061 Old Cassatt Road | 1031 Old Cassatt Road, 19312 | 59,224 | 1987 |
Worth noting among recent office completions on the Berwyn market is Penn Medicine Valley Forge, which is currently the largest new office development in the city, at 90,000 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Berwyn 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.