Philadelphia's medical office market has entered a cooling period following several years of sustained expansion. Characterized by reduced demand, rising vacancy and decelerating rent growth, the changes signal a transitional phase for the local healthcare real estate sector.
Philadelphia’s medical office market hits a soft patch
Rising vacancy and the shrinking number and average size of leases signal a transitional phase for healthcare office demand
CoStar Analytics
March 26, 2026 | 7:46 P.M.
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