Conshohocken Office Rent Price & Sales Report

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%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Conshohocken market was 10.88% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Conshohocken was 10.88% in the Conshohocken submarket, while the highest office vacancy in the market was 17.25%, recorded in Blue Bell - Plymouth Meeting.

Office Spaces for Rent in Pennsylvania

Coworking Spaces in Pennsylvania

2023 Office Construction in Conshohocken, PA

Largest Office Properties Recently Completed in Conshohocken
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
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
Spring Mill Corporate Center 1100 East Hector Street, 19428 618,320 1910

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.

Data provided by Commercial Edge

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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.