Earlier this year we reported that the vacancy rate for Class A commercial properties in the Conshohocken sub-market had dropped to under 10% (9.2%) in the first quarter of 2015. Joe O’Donnell of Omega Commercial Real Estate shared with us the report from the second quarter of 2015 and the vacancy rate is continuing to decline. It is now at 8.5%. Class B has also declined from 6.1% in the first quarter to 5.9% in the second quarter.
This means that there isn’t enough space for larger companies to move in the Conshohocken sub-market, unless someone leaves or a new building is constructed.
See the full report below: