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Philadelphia’s medical office sector finding its footing after a rocky stretch

Despite vacancy edging higher, healthcare sector remains better off than office
CoStar Analytics
April 14, 2026 | 5:47 P.M.

After going through a period of reduced leasing from its recent peak, Philadelphia’s medical office market is regaining balance as the spring season begins. While vacancy has edged higher over the past year, an increase in recent leasing activity suggests the sector is finding its footing.

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News | Philadelphia’s medical office sector finding its footing after a rocky stretch