Figures

Philadelphia Office Figures Report Q2 2026

Office fundamentals strengthen amid demand recovery

July 7, 2026 3 Minute Read

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Recovery was well underway across the Greater Philadelphia office market – more than 560,000 square feet (sq. ft.) of positive absorption along with more than 1.5 million sq. ft. of leasing was tallied during Q2 2026. Notably, this is the 4th consecutive quarter with positive absorption seen throughout the whole of the Philadelphia office market and the largest tally of positive absorption since the start of the pandemic.