2022 Office Space Rent & Sales
- $34.71 2022 Avg. Asking Rent
- 13.72% 2022 Office Vacancy Rate
King of Prussia office price per square foot in 2022 was $34.71 on average. The local office market recorded an average vacancy rate of 13.72% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- King of Prussia Class B Office Space$34.71
- Pennsylvania Class A & A+ Office Space$32.08
- Pennsylvania Class B Office Space$25.35
- Pennsylvania Class C Office Space$19.66
King of Prussia, PA Office Asking Rents by Class
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2022 Office Construction in King of Prussia, PA
- King of Prussia, PA Total SF completed in 2022 54,000
During 2022, 54,000 square feet of new office space were delivered across the market. At the close of 2022, the King of Prussia office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 54,000 square feet of office space.
Office building | Address | SF | Completed |
---|---|---|---|
211 South Gulph Road | 211 South Gulph Road, 19406 | 102,204 | 2007 |
1000 Continental | 1000 Continental Drive, 19406 | 205,424 | 2006 |
Allendale Business Park - 630 Allendale Road | 630 Allendale Road, 19406 | 150,000 | 2000 |
Renaissance Business Park - 2201 Renaissance Blvd | 2201 Renaissance Blvd, 19406 | 132,823 | 2000 |
Croton Road Corporate Center | 555 Croton Road, 19406 | 96,909 | 1999 |
Valley Forge Square I | 550 American Avenue, 19406 | 203,208 | 1988 |
150 South Warner Road | 150 South Warner Road, 19406 | 150,573 | 1986 |
Freedom Business Center | 610 Freedom Business Center Drive, 19406 | 368,244 | 1985 |
Maschellmac Office Complex | 1000 1st Avenue, 19406 | 301,901 | 1985 |
200 North Warner Road | 200 North Warner Road, 19406 | 164,360 | 1983 |
Worth noting among recent office completions on the King of Prussia market is 211 South Gulph Road, which is currently the largest new office development in the city, at 102,204 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 King of Prussia 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.