Lancaster Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $20.10 2024 Avg. Asking Rent
  • 13.70% 2024 Office Vacancy Rate

Lancaster office price per square foot in 2024 was $20.10 on average. The local office market recorded an average vacancy rate of 13.70% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Pennsylvania Class A & A+ Office Space$34.29
  • Pennsylvania Class B Office Space$25.57
  • Pennsylvania Class C Office Space$19.06

Lancaster, PA Office Asking Rents by Class

2024 Office Vacancy Rates in Lancaster

Submarket Asking Rents Vacancy Rates
Manheim Township $31.23 6.02%
West Lancaster $25.73 14.04%
West and East Lampeter $18.51 22.75%
Lancaster $18.10 12.84%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Lancaster market was 13.70% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Lancaster was 6.02% in the Manheim Township submarket, while the highest office vacancy in the market was 22.75%, recorded in West and East Lampeter.

Office Spaces for Rent in Pennsylvania

Coworking Spaces in Pennsylvania

2024 Office Construction in Lancaster, PA

  • Lancaster, PA Total SF under construction in 2025 34,000
Largest Office Properties Recently Completed in Lancaster
Office building Address SF Completed
Lancaster Stockyard - 1280 North Plum Street & 1310 Marshall Avenue 1280 North Plum Street, 17601 56,500 2010
90 Good Drive 90 Good Drive , 17601 78,408 2003
120 North Pointe Blvd 120 North Pointe Blvd, 17601 31,180 2000
3020 Columbia Avenue 3020 Columbia Avenue, 17603 39,610 1997
Granite Run Corporate Center 320 Granite Run Dr, 17601 48,816 1995
151 Good Drive #2 151 Good Drive, 17603 2,273 1993
160 North Pointe Boulevard 160 North Pointe Boulevard, 17601 34,528 1989
1850 William Penn Way 1850 William Penn Way, 17601 25,211 1989
1809 Olde Homestead Lane 1809 Olde Homestead Lane, 17601 26,866 1988
805 Estelle Drive 805 Estelle Drive Suite 200, 17601 30,697 1987

Worth noting among recent office completions on the Lancaster market is Lancaster Stockyard - 1280 North Plum Street & 1310 Marshall Avenue, which is currently the largest new office development in the city, at 56,500 square feet.

Data provided by Yardi Research

See reports for other 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Lancaster 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 Yardi Research Data can guarantee that the information provided is complete.