Highlights
- The average rent for office space in Wayne is $36.77 per square foot, 5.45% higher compared to the previous year.
- The market’s vacancy rate stands at 24.02%, higher than the state average of Pennsylvania, which is 18.29%.
2025 Office Space Rent & Sales
- $36.77 2025 Avg. Asking Rent
- 5.45% Y-o-Y Avg. Asking Rent Change
- 24.02% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Wayne?
Average asking rents for office space here stand at $36.77 per square foot. The local office market recorded an average vacancy rate of 24.02% in 2025, unchanged from 24.02% in 2024.
Wayne, PA Office Asking Rents by Class
What is the average office rent per square foot by property class in PA?
- Avg. Asking Rent Class A & A+$35.64
- Avg. Asking Rent Class B$25.85
- Avg. Asking Rent Class C$19.18
For comparison, the average rent for Class A and A+ office space in Pennsylvania was $35.64 per square foot. The state-wide average for Class B space was $25.85 per square foot, and Class C office spaces averaged $19.18 per square foot.
Wayne, PA Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Main Line | $44.68 | 11.33% |
| 202 Corridor | $31.16 | 20.50% |
| King of Prussia | $30.80 | 14.83% |
Office Construction in Wayne, PA
What are the largest recent office completions in Wayne?
The largest recent office completion here is Radnor Financial Center - 555 East Lancaster Avenue at 241,687 square feet, completed in 2000. The next largest completions are Chesterbrook Corporate Center - 1300, 1325 & 1400 Morris Drive and Chesterbrook Corporate Center - 1500-1550 Liberty Ridge Drive.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Chesterbrook Corporate Center - 1500-1550 Liberty Ridge Drive | 1500 Liberty Ridge Drive, 19087 | 233,120 | 2002 |
| Radnor Financial Center - 555 East Lancaster Avenue | 555 East Lancaster Avenue, 19087 | 241,687 | 2000 |
| Chesterbrook Corporate Center - 725 & 735 Chesterbrook Blvd | 725 Chesterbrook Blvd, 19087 | 219,734 | 1987 |
| Chesterbrook Corporate Center - 600, 620, 640 & 690 Lee Road | 640 Lee Road, 19087 | 213,296 | 1987 |
| Chesterbrook Corporate Center - 955 Chesterbrook Blvd | 955 Chesterbrook Blvd, 19087 | 121,344 | 1987 |
| Chesterbrook Corporate Center - 965 Chesterbrook Blvd | 965 Chesterbrook Blvd, 19087 | 120,000 | 1987 |
| Five Radnor Corporate Center | 100 Matsonford Road, 19087 | 164,505 | 1985 |
| Radnor Court | 259 North Radnor Chester Road, 19087 | 121,371 | 1985 |
| Radnor Financial Center - 170 North Radnor Chester Road | 170 North Radnor Chester Road, 19087 | 68,143 | 1983 |
| Chesterbrook Corporate Center - 1300, 1325 & 1400 Morris Drive | 1400 Morris Drive, 19087 | 239,593 | 1982 |
See reports for other markets
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- Harrisburg Office Rent Price
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.