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After trending lower in recent years, office demolitions spiked across Philadelphia in 2025

Developers tear down underutilized buildings to make way for mixed-use developments
CoStar Analytics
February 24, 2026 | 8:14 P.M.

Office demolitions across Philadelphia surged over the past year to their highest level in nearly a decade. Approximately 1.4 million square feet of office space was cleared from the market inventory as developers accelerated efforts to repurpose outdated and obsolete buildings. 

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News | After trending lower in recent years, office demolitions spiked across Philadelphia in 2025