Figures
Philadelphia Office Figures Q4 2025
As 2025 ends, the market has started shifting into recovery.
January 9, 2026 2 Minute Read
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- Annual net occupancy grew for the first time since the start of the pandemic, a sign that the market is moving into the recovery phase of the cycle.
- Trophy assets continued to claim an outsized portion of demand as tenants continued to seek out this space to attract and retain talent, while also luring employees back to the office.
- Sublease availability levels continued to abate, pointing toward future overall vacancy shrinking in the near term.