2021 Office Space Rent & Sales
- $30.73 2021 Avg. Asking Rent
- 1.83% Y-o-Y Avg. Asking Rent Change
- 18.51% 2021 Office Vacancy Rate
- $125.3M2021 Total Office Sales
- $176.11Avg. Sale Price/SF
Malvern office price per square foot in 2021 was $30.73 on average. This marked a +1.83% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.51% across all asset classes combined. The 7 transactions that closed here throughout 2021 amounted to a total sale volume of $125.3M. Malvern office space commanded an average sale price per square foot of $176.11.
Average Rent by Office Class
2021 Average Office Rent per Square Foot
- Malvern Class A & A+ Office Space$27.28
- Malvern Class B Office Space$30.75
- Pennsylvania Class A & A+ Office Space$31.41
- Pennsylvania Class B Office Space$28.77
- Pennsylvania Class C Office Space$20.21
Malvern, PA Office Asking Rents by Class
Office Spaces for Rent in Pennsylvania
- Philadelphia Office Space
- Pittsburgh Office Space
- Harrisburg Office Space
- Lancaster Office Space
- Malvern Office Space
- West Chester Office Space
- King of Prussia Office Space
- York Office Space
- Allentown Office Space
- Exton Office Space
- Horsham Office Space
- Wayne Office Space
- Camp Hill Office Space
- Mechanicsburg Office Space
- Wilkes Barre Office Space
Malvern Office Sale Price per SF
- $176.112021 Avg. Price per SF
- 28.99%Y-o-Y Avg. PpSF Change
- $125.3M2021 Office Sales Volume
- 72021 Number of Transactions
Malvern, PA Sale Price per SF Trend
- Malvern Avg. Sale Price per SF in 2021$176.11
- Pennsylvania Avg. Sale Price per SF in 2021$142.57
2021 Office Sales Volume
- Malvern, PA Total Office Sales Volume in 2021 $125.3M
- Malvern, PA Total Number of Office Sales Closed in 2021 7
Largest Malvern Office Sales in 2021
| Property name | Address | Date | Price |
|---|---|---|---|
| 45 Liberty Blvd | 45 Liberty Blvd | 12/16/2021 | $36,300,000 |
| Great Valley Corporate Center - 9, 15 & 25 Great Valley Pkwy | 9 Great Valley Pkwy | 10/29/2021 | $33,886,470 |
| Lindenwood Corporate Center - Valleybrooke III | 101 Lindenwood Drive | 8/3/2021 | $16,709,620 |
| Lindenwood Corporate Center - Valleybrooke II | 301 Lindenwood Drive | 8/3/2021 | $13,836,810 |
| 350 & 358 Technology Drive | 350 Technology Drive | 1/4/2021 | $11,256,000 |
Coworking Spaces in Pennsylvania
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Philadelphia Coworking Space
- Hudson Valley Coworking Space
- Nashville Coworking Space
- Indianapolis Coworking Space
- Columbus Coworking Space
- Cincinnati Coworking Space
- Pittsburgh Coworking Space
- Arlington Coworking Space
- Alexandria Coworking Space
- Lancaster Coworking Space
- Wayne Coworking Space
- Bethlehem Coworking Space
- Harrisburg Coworking Space
- King of Prussia Coworking Space
- Malvern Coworking Space
- Newtown Coworking Space
2021 Office Construction in Malvern, PA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 110 Phoenixville Pike | 110 Phoenixville Pike, 19355 | 21,450 | 2007 |
| 112 Moores Rd | 112 Moores Rd, 19355 | 15,912 | 2004 |
| 400 Lapp Road | 400 Lapp Road, 19355 | 28,592 | 1999 |
| Westbrook Corporate Center | 41 Moores Road, 19355 | 187,653 | 1998 |
| 621 Swedesford Rd #B | 621 Swedesford Rd, 19355 | 1,050 | 1990 |
| 649 Swedesford Rd | 649 Swedesford Rd, 19355 | 2,140 | 1989 |
| Swedesford Square | 52 East Swedesford Road, 19355 | 131,077 | 1988 |
| 101 Lindenwood Drive | 101 Lindenwood Drive, 19355 | 119,434 | 1988 |
| 301 Lindenwood Drive | 301 Lindenwood Drive, 19355 | 97,000 | 1986 |
| 19 Mystic Ln | 19 Mystic Ln, 19355 | 7,700 | 1985 |
Worth noting among recent office completions on the Malvern market is 110 Phoenixville Pike, which is currently the largest new office development in the city, at 21,450 square feet.
See reports for other markets
- Philadelphia Office Rent Price
- Pittsburgh Office Rent Price
- Harrisburg Office Rent Price
- Malvern Office Rent Price
- Exton Office Rent Price
- Horsham Office Rent Price
- West Chester Office Rent Price
- King of Prussia Office Rent Price
- Wayne Office Rent Price
- Conshohocken Office Rent Price
- Chadds Ford Office Rent Price
- Berwyn Office Rent Price
- Houston Office Rent Price
- Los Angeles Office Rent Price
- Denver Office Rent Price
- Miami Office Rent Price
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 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Malvern 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.