2018 Q4 Northeastern Pennsylvania Office Market Research & Forecast Report

Download Report

2018 | The Rear-View Mirror

  • The vacancy rate dropped from 8.1% to 7.9% at the end of the fourth quarter of 2018, although that was still at the highest level since the end of 2013. Class A vacancy decreased during the fourth quarter to 10.8%, but was up by almost six percentage points for the year. This was mainly a result of the large Bank of America vacancy at 1 Fleet Way. Class B vacancy has been slowly trending downward, ending the year at 6.5%.

2019 | The Year Ahead

  • According to Moody’s Analytics, Scranton-Wilkes Barre-Hazleton’s economy will continue to grow but at an “unremarkable pace”. The sector with the highest potential for employment growth, Transportation and Warehousing, will not directly benefit the office market.

2018Q4NEPAOfficeReportsearchcard

2018 Q4 Northeastern Pennsylvania Office Market Research & Forecast Report

Download Report