2023 Office Space Rent & Sales
- $30.34 2023 Avg. Asking Rent
- 14.05% 2023 Office Vacancy Rate
King of Prussia office price per square foot in 2023 was $30.34 on average. The local office market recorded an average vacancy rate of 14.05% 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
King of Prussia, PA Office Asking Rents by Class
Office Spaces for Rent in Pennsylvania
Coworking Spaces in Pennsylvania
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2023 Office Construction in King of Prussia, PA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1000 Continental | 1000 Continental Drive, 19406 | 205,424 | 2006 |
| Allendale Business Park - 630 Allendale Road | 630 Allendale Road, 19406 | 150,000 | 2000 |
| Renaissance Business Park - 2201 Renaissance Blvd | 2201 Renaissance Blvd, 19406 | 132,823 | 2000 |
| Croton Road Corporate Center | 555 Croton Road, 19406 | 96,909 | 1999 |
| Valley Forge Square I | 550 American Avenue, 19406 | 203,208 | 1988 |
| 150 South Warner Road | 150 South Warner Road, 19406 | 150,573 | 1986 |
| Freedom Business Center | 610 Freedom Business Center Drive, 19406 | 368,244 | 1985 |
| Maschellmac Office Complex | 1000 1st Avenue, 19406 | 301,901 | 1985 |
| 200 North Warner Road | 200 North Warner Road, 19406 | 164,360 | 1983 |
| 1100 1st Avenue | 1100 1st Avenue, 19406 | 148,000 | 1982 |
Worth noting among recent office completions on the King of Prussia market is 1000 Continental, which is currently the largest new office development in the city, at 205,424 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 King of Prussia 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.