2023 Office Space Rent & Sales
- $42.70 2023 Avg. Asking Rent
- -0.06% Y-o-Y Avg. Asking Rent Change
- 10.88% 2023 Office Vacancy Rate
Conshohocken office price per square foot in 2023 was $42.70 on average. This marked a -0.06% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.88% 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
Conshohocken, PA Office Asking Rents by Class
2023 Office Vacancy Rates in Conshohocken
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Conshohocken | $42.70 | 10.88% |
| Blue Bell - Plymouth Meeting | $30.02 | 17.25% |
Office Spaces for Rent in Pennsylvania
Coworking Spaces in Pennsylvania
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2023 Office Construction in Conshohocken, PA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Sora | 125 East Elm Street, 19428 | 42,548 | 2008 |
| Sora East | 125 East Elm Street, 19428 | 40,373 | 2008 |
| Millennium I, II & III | 20 Ash Street, 19428 | 196,769 | 2001 |
| River Park I | 1000 River Road, 19428 | 172,000 | 2001 |
| Five Tower Bridge | 300 Barr Harbor Drive, 19428 | 222,058 | 2000 |
| 101 West Elm Street | 101 West Elm Street, 19428 | 173,827 | 1999 |
| Six Tower Bridge | 181 Washington Street, 19428 | 116,174 | 1999 |
| Four Tower Bridge | 200 Barr Harbor Drive, 19428 | 86,021 | 1998 |
| 3 Tower Bridge | 2 Ash Street, 19428 | 60,000 | 1997 |
| Four Falls | 1001 Conshohocken Road, 19428 | 254,080 | 1989 |
Worth noting among recent office completions on the Conshohocken market is Sora, which is currently the largest new office development in the city, at 42,548 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 Conshohocken 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.