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The office availability rate in the Philadelphia CBD stood at 16.9% at the end of the fourth quarter of 2019. The office availability rate in the Philadelphia CBD stood at 11% at the end of the fourth quarter of 2019.

PHILADELPHIA—The office market in the Philadelphia region ended the year on a high note with lower availability and higher rents as compared to a year earlier, according to a report released by commercial brokerage firm Savills.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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