The King of Prussia District first started tracking occupancy of office buildings in Upper Merion Township in 2011. The district recently announced that occupancy of non-owner-occupied buildings larger than 10,000 square-feet has hit 89.3% — the highest ever. King of Prussia District CEO Eric Goldstein noted that 2025 and 2026 are key years because there are more pre-pandemic office leases that have yet to expire, but he said he is pleased with the current numbers. Goldstein pointed to the abundance of amenities in the area to “explain why this market is doing as well as it’s doing.” King of Prussia is the largest suburban office submarket in the Philadelphia region and ranks as the third-largest employment center behind Center City and University City.
Source: Philadelphia Business Journal; 4/22/2024