Philadelphia’s medical office market is entering a cooling phase after years of steady growth. As a result, demand is declining and vacancy is rising. Notably, the market recorded negative net absorption in late 2025. During this period, more tenants vacated space than leased new space. In total, the fourth quarter posted negative 260,000 square feet… Read more »
Philadelphia’s medical office sector, long regarded as one of the most stable segments of commercial real estate, is starting to show signs of strain in 2025. After years of outperforming traditional office properties, demand has begun to soften. In 2024, medical office absorption reached 300,000 square feet, but by mid-2025 that momentum reversed sharply, falling… Read more »
