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Philadelphia pulls ahead of nation’s office recovery in 2025

Growing 'Eds and Meds' sector, muted office development aid economic recovery
Philadelphia is one of only three major U.S. office markets experiencing positive absorption. (Getty Images)
Philadelphia is one of only three major U.S. office markets experiencing positive absorption. (Getty Images)
CoStar Analytics
March 28, 2025 | 7:56 P.M.

Philadelphia emerged as the most stable office market among the 15 largest U.S. office markets heading into the spring season. Following a year of occupancy gains, the Philadelphia region now boasts the lowest office availability rate at 14.1%, slightly ahead of Minneapolis at 14.2%.

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