Class A Office Building Statistics

Class A Office Building Statistics
January 2016
Category: Office

In Adams, Lancaster, and York Counties, Pennsylvania there are 883 Class "A" office facilities that are comprised of approximated 12.7 million square feet. Only about 17.2% of these facilities are over 20,000 square feet, but they make up more than 45% of the total Class "A" square footage. As of January  2016, Class "A" facilities had a 9.5% vacancy rate.
There were 124 buildings that had spaces available for lease in January. The average asking lease rate of these facilities was $13.83 to $14.22 per square foot. A very small percentage of the available Class "A" office buildings (3.5%) have spaces available that are over 10,000 square feet.