# Philly Office Market Slows to a Halt | Real Estate News

Page: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/philly-office-market-slows-to-a-halt-real-estate-news
Text version: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/philly-office-market-slows-to-a-halt-real-estate-news.md
Podcast: [Real Estate News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453)
Published: 2026-07-11T04:17:22+00:00
Episode link: https://sources.thednn.ai/c1ccdefdf10ec6b4
Audio file: https://api.fastcast.ai/audio/5f8bd2cd-1439-4f9f-b68b-e0cb5b86ea6c.mp3
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Duration seconds: 71

## Resource

Philadelphia’s office construction has hit pause—zero new projects in the city after a major 438K sq ft building wrapped up last quarter. The bottleneck? Hard to attract big tenants to sign leases before spaces are built. While downtown vacancy dipped below 20% and absorption saw a boost (thanks mostly to that one completed tower), overall available space is shrinking—driven by conversions and dwindling subleases. Suburbs are feeling the chill too, with leasing down sharply year-over-year. And here’s the kicker: Vanguard is vacating 88K sq ft in Malvern, hunting for a new tenant, while whispers suggest Microsoft might renew its lease. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/c1ccdefdf10ec6b4

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## Transcript

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