2023 Office Space Rent & Sales
- $17.95 2023 Avg. Asking Rent
- 12.67% 2023 Office Vacancy Rate
Lancaster office price per square foot in 2023 was $17.95 on average. The local office market recorded an average vacancy rate of 12.67% 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
Lancaster, PA Office Asking Rents by Class
2023 Office Vacancy Rates in Lancaster
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
West and East Lampeter | $19.00 | 14.04% |
Lancaster | $17.50 | 11.80% |
Coworking Spaces in Pennsylvania
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Boston Coworking Space
- Philadelphia Coworking Space
- Indianapolis Coworking Space
- Cincinnati Coworking Space
- Columbus Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Detroit Coworking Space
- Jersey City Coworking Space
- Cambridge Coworking Space
- Cleveland Coworking Space
- Queens Coworking Space
- Richmond Coworking Space
- Bethesda Coworking Space
- Grand Rapids Coworking Space
- Ann Arbor Coworking Space
2023 Office Construction in Lancaster, PA
- Lancaster, PA Total SF under construction in 2024 34,000
Office building | Address | SF | Completed |
---|---|---|---|
101 North Queen Street | 101 North Queen Street, 17602 | 150,000 | 2019 |
120 North Pointe Blvd | 120 North Pointe Blvd, 17601 | 31,180 | 2000 |
3020 Columbia Avenue | 3020 Columbia Avenue, 17603 | 39,610 | 1997 |
2124 Ambassador | 2124 Ambassador, 17603 | 15,277 | 1994 |
160 North Pointe Boulevard | 160 North Pointe Boulevard, 17601 | 34,528 | 1989 |
1850 William Penn Way | 1850 William Penn Way, 17601 | 25,211 | 1989 |
1809 Olde Homestead Lane | 1809 Olde Homestead Lane, 17601 | 26,866 | 1988 |
805 Estelle Drive | 805 Estelle Drive, 17601 | 30,697 | 1987 |
1817 Olde Homestead Lane | 1817 Olde Homestead Lane, 17601 | 66,404 | 1986 |
Eden Park Professional Center | 1725 Oregon Pike, 17601 | 39,933 | 1986 |
Worth noting among recent office completions on the Lancaster market is 101 North Queen Street, which is currently the largest new office development in the city, at 150,000 square feet.
See reports for other markets
- Pittsburgh Office Rent Price
- Philadelphia Office Rent Price
- Harrisburg Office Rent Price
- West Chester Office Rent Price
- Exton Office Rent Price
- Mechanicsburg Office Rent Price
- Phoenix Office Rent Price
- San Diego Office Rent Price
- Manhattan Office Rent Price
- Denver Office Rent Price
- Houston Office Rent Price
- Miami Office Rent Price
- Los Angeles Office Rent Price
- Dallas Office Rent Price
- Chicago Office Rent Price
- Atlanta Office Rent Price
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 Lancaster 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.