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Philadelphia’s office market gains footing after five years of poor demand

Improvement comes amid demand decrease from life science companies
Demand for office space has varied significantly across different areas within Philadelphia. (Getty Images)
Demand for office space has varied significantly across different areas within Philadelphia. (Getty Images)
CoStar Analytics
January 21, 2025 | 7:12 P.M.

After enduring five years of negative demand, Philadelphia's office market is showing early signs of stabilization. While the market has not exactly started its recovery phase, the latest data indicates a positive shift as it enters 2025.

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