Family Office Briefing on research byNewmark·Apr 21, 2025
Philadelphia Office Market Report 1Q25
Greater Philadelphia office market shows signs of recovery with positive net absorption in 1Q25 — family offices should consider co-GP opportunities with disciplined operators.
Key Metrics
| Metric | Value |
|---|---|
| Unemployment Rate | 4.2% |
| Annual Nonfarm Payroll Employment Growth | 0.9% |
| Office-Using Employment Change | -0.2% |
| Net Absorption | 112,075SF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
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