Brief | Creating Resilience

Flight-to-quality and life science demand bolster Philadelphia submarkets

November 22, 2021

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While the greater Philadelphia office market is struggling to regain its footing amid the pandemic, certain submarkets are outperforming due to one of two factors: fight-to-quality and strong life science demand. An analysis of the Philadelphia metro’s office submarkets’ leasing activity and velocity, net occupancy gains, and overall availability demonstrates these two elements kept several regional submarkets productive.