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Short supply of modern medical office space pushes Philadelphia rents higher

Limited availability gives landlords pricing power on rent despite modest leasing activity
ChristianaCare signed one of the largest medical office leases this year, taking 20,000 square feet at 700 Turner Industrial Way in Aston Township, Pennsylvania. (CoStar)
ChristianaCare signed one of the largest medical office leases this year, taking 20,000 square feet at 700 Turner Industrial Way in Aston Township, Pennsylvania. (CoStar)
CoStar Analytics
September 21, 2026 | 6:41 P.M.

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Philadelphia's medical office market posted stronger rent increases in mid-2026, even as leasing activity remained below long-term averages.

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