2023 Office Space Rent & Sales
- $32.76 2023 Avg. Asking Rent
- 0.03% Y-o-Y Avg. Asking Rent Change
- 23.36% 2023 Office Vacancy Rate
Berwyn office price per square foot in 2023 was $32.76 on average. This marked a +0.03% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.36% 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
2023 Average Office Rent per Square Foot
- Pennsylvania Class A & A+ Office Space$32.78
- Pennsylvania Class B Office Space$24.45
- Pennsylvania Class C Office Space$29.06
Berwyn, PA Office Asking Rents by Class
Office Spaces for Rent in Pennsylvania
Coworking Spaces in Pennsylvania
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Berwyn Park - 400 | 899 Cassatt Road, 19312 | 124,182 | 2001 |
| Cassford Corporate Center - 1001 Old Cassatt Road | 1001 Old Cassatt Road, 19312 | 72,276 | 2001 |
| 1171 Lancaster Ave | 1171 Lancaster Ave, 19312 | 5,596 | 1999 |
| 1055 Westlakes | 1055 Westlakes Drive, 19312 | 119,807 | 1991 |
| 1205 Westlakes | 1205 Westlakes Drive, 19312 | 136,367 | 1989 |
| 1000 Westlakes | 1000 Westlakes Drive, 19312 | 62,468 | 1989 |
| 1235 Westlakes | 1235 Westlakes Drive, 19312 | 136,541 | 1987 |
| Cassford Corporate Center - 1031, 1041, 1051 & 1061 Old Cassatt Road | 1031 Old Cassatt Road, 19312 | 59,224 | 1987 |
| Southpoint | 1160 West Swedesford Road, 19312 | 250,572 | 1986 |
| Berwyn Park - 100 & 200 | 850 Cassatt Road, 19312 | 132,755 | 1986 |
Worth noting among recent office completions on the Berwyn market is Berwyn Park - 400, which is currently the largest new office development in the city, at 124,182 square feet.
See reports for other markets
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Berwyn 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.