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.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Lancaster Class A & A+ Office Space$24.30
- Lancaster Class B Office Space$16.58
- Pennsylvania Class A & A+ Office Space$32.78
- Pennsylvania Class B Office Space$24.45
- Pennsylvania Class C Office Space$20.97
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
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2023 Office Construction in Lancaster, PA
- Lancaster, PA Total SF under construction in 2024 34,000
Office building | Address | SF | Completed |
---|---|---|---|
120 North Pointe Blvd | 120 North Pointe Blvd, 17601 | 31,180 | 2000 |
3020 Columbia Avenue | 3020 Columbia Avenue, 17603 | 39,610 | 1997 |
101 Good Drive | 101 Good Dr, 17603 | 12,400 | 1997 |
314 Good Dr | 314 Good Dr, 17603 | 5,141 | 1996 |
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 120 North Pointe Blvd, which is currently the largest new office development in the city, at 31,180 square feet.
See reports for other markets
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- Philadelphia Office Rent Price
- Harrisburg Office Rent Price
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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 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.