Posts Tagged: Shortage

Philadelphia Medical Office Rents Rise as Supply Tightens

Philadelphia Medical Office Rents Rise as Supply Tightens

Philadelphia’s medical office market recorded stronger rent growth in mid-2026 despite moderate leasing activity. Asking rents increased 2.5% year over year to an average of $27.72 per square foot. Notably, medical office rent growth outperformed Philadelphia’s traditional office market during the same period. The increase also reversed six consecutive quarters of slowing rent growth. However,… Read more »