2020 Office Space Rent & Sales
- $33.06 2020 Avg. Asking Rent
- 9.67 % 2020 Office Vacancy Rate
Conshohocken office price per square foot in 2020 was $33.06 on average. The local office market recorded an average vacancy rate of 9.67 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Conshohocken Class A Office Space$33.52
- Conshohocken Class B Office Space$32.70
- Pennsylvania Class A Office Space$31.04
- Pennsylvania Class B Office Space$24.78
- Pennsylvania Class C Office Space$20.82
Conshohocken, PA Office Asking Rents by Class
2020 Office Construction in Conshohocken, PA
- Conshohocken, PA Total Sqft completed in 2020
- Conshohocken, PA Total Sqft under construction in 2021 687,333
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Conshohocken office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 687,333 square feet of office space to the market, before year-end.
|Sora West||1 West 1st Avenue, 19428||429,122||2021|
|Seven Tower Bridge||110 Washington Street, 19428||260,000||2021|
|125 East Elm Street||125 East Elm Street, 19428||42,548||2008|
|Sora East||125 East Elm Street, 19428||40,373||2008|
|Eight Tower Bridge||161 Washington Street, 19428||345,000||2003|
|300 Four Falls||300 Conshohocken State Road, 19428||298,371||2002|
|Millennium I, II & III||20 Ash Street, 19428||196,769||2001|
|River Park I||1000 River Road, 19428||172,000||2001|
|Citizen's Gateway Center||3025 Chemical Road, 19462||83,538||2001|
|Elm Street Square||375 East Elm Street, 19428||31,600||2000|
Worth noting among recent office completions on the Conshohocken market is Sora West, which is currently the largest new office development in the city, at 429,122 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 Conshohocken 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.