2022 Office Space Rent & Sales
- $22.78 2022 Avg. Asking Rent
- 8.12% 2022 Office Vacancy Rate
- $56.5M2022 Total Office Sales
- $189.21Avg. Sale Price/SF
Mechanicsburg office price per square foot in 2022 was $22.78 on average. The local office market recorded an average vacancy rate of 8.12% across all asset classes combined. The 4 transactions that closed here throughout 2022 amounted to a total sale volume of $56.5M. Mechanicsburg office space commanded an average sale price per square foot of $189.21.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Mechanicsburg Class B Office Space$22.78
- Pennsylvania Class A & A+ Office Space$32.08
- Pennsylvania Class B Office Space$25.35
- Pennsylvania Class C Office Space$19.66
Mechanicsburg, PA Office Asking Rents by Class
2022 Office Vacancy Rates in Mechanicsburg
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Mechanicsburg | $22.78 | 8.91% |
Camp Hill - Enola | $20.15 | 9.15% |
Mechanicsburg Office Sale Price per SF
- $189.212022 Avg. Price per SF
- 27.13%Y-o-Y Avg. PpSF Change
- $56.5M2022 Office Sales Volume
- 42022 Number of Transactions
Mechanicsburg, PA Sale Price per SF Trend
- Mechanicsburg Avg. Sale Price per SF in 2022$189.21
- Pennsylvania Avg. Sale Price per SF in 2022$166.72
2022 Office Sales Volume
- Mechanicsburg, PA Total Office Sales Volume in 2022 $56.5M
- Mechanicsburg, PA Total Number of Office Sales Closed in 2022 4
Largest Mechanicsburg Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Tech Park Office Center | 2020 Technology Pkwy | 2/2/2022 | $45,000,000 |
Rossmoyne Business Center - 5000 Louise Drive | 5000 Louise Drive | 11/29/2022 | $4,050,000 |
Rossmoyne Business Center - 5020 Louise Drive | 5020 Louise Drive | 5/4/2022 | $3,900,000 |
6375 Mercury Drive | 6375 Mercury Drive | 7/27/2022 | $3,500,000 |
Coworking Spaces in Pennsylvania
- New York City Coworking Space
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- Ann Arbor Coworking Space
- Bethesda Coworking Space
- Richmond Coworking Space
2022 Office Construction in Mechanicsburg, PA
Office building | Address | SF | Completed |
---|---|---|---|
Waterford Building | 21 Waterford Drive, 17050 | 26,140 | 2012 |
1700 Bent Creek Boulevard | 1700 Bent Creek Boulevard, 17050 | 56,107 | 2004 |
6 Kacey Court | 6 Kacey Court, 17055 | 13,000 | 2003 |
4910 Louise Drive | 4910 Louise Drive, 17055 | 11,911 | 2002 |
161 Old Schoolhouse Lane | 161 Old Schoolhouse Lane, 17055 | 10,150 | 2001 |
2 Kacey Court | 2 Kacey Court, 17055 | 9,820 | 2001 |
Vista Plaza at Westport | 1215 Manor Drive, 17055 | 72,500 | 1999 |
Rossmoyne Business Center - 4999 Louise Drive | 4999 Louise Drive, 17055 | 60,000 | 1998 |
5020 Richard Lane | 5020 Richard Lane, 17055 | 40,230 | 1996 |
One Delta Dental | 5091 Louise Drive, 17055 | 91,000 | 1994 |
Worth noting among recent office completions on the Mechanicsburg market is Waterford Building, which is currently the largest new office development in the city, at 26,140 square feet.
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Mechanicsburg 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.