2023 Office Space Rent & Sales
- $25.52 2023 Avg. Asking Rent
- 2.28% Y-o-Y Avg. Asking Rent Change
- 13.46% 2023 Office Vacancy Rate
Blue Bell office price per square foot in 2023 was $25.52 on average. This marked a +2.28% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.46% 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
Blue Bell, PA Office Asking Rents by Class
Office Spaces for Rent in Pennsylvania
Coworking Spaces in Pennsylvania
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2023 Office Construction in Blue Bell, PA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Arborcrest Corporate Campus - Hillcrest III | 731 Arbor Way, 19422 | 141,680 | 2015 |
| Arborcrest Corporate Campus - Hillcrest II | 721 Arbor Way, 19422 | 183,567 | 2013 |
| Arborcrest Corporate Campus - Hillcrest I | 751 Arbor Way, 19422 | 113,300 | 2012 |
| Continental Bank | 599 Skippack Pike, 19422 | 3,290 | 2006 |
| 1450 Union Meeting Road | 1450 Union Meeting Road, 19422 | 35,000 | 1997 |
| Veva - Buildings 16 & 18 | 1787 Sentry Pkwy West, 19422 | 192,979 | 1989 |
| Union Meeting Corporate Center - 930 Harvest Drive | 930 Harvest Drive, 19422 | 118,120 | 1989 |
| Union Meeting Corporate Center - 910 & 920 Harvest Drive | 920 Harvest Drive, 19422 | 104,486 | 1989 |
| Union Meeting Corporate Center - 925 & 980 Harvest Drive | 925 Harvest Drive, 19422 | 125,336 | 1988 |
| Six Sentry Parkway - 610, 620 & 630 Sentry Pkwy | 610 Sentry Pkwy, 19422 | 59,971 | 1986 |
Worth noting among recent office completions on the Blue Bell market is Arborcrest Corporate Campus - Hillcrest III, which is currently the largest new office development in the city, at 141,680 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 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 Blue Bell 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.