Center City Office Space For Lease

618 Market St - 5 Spaces Center City East, Philadelphia, PA  
Oct 24
1,270 - 3,220
sqft
Office Retail
2 Logan Square - 9 Spaces Logan Square, Philadelphia, PA  
Oct 24
2,300 - 5,500
sqft
Office Live/Work

Center City

Market Report

Number of Listings For Lease
Posted in the last 90 days
100
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,400

Center City Commercial Real Estate

Find Center City commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Center City commercial real estate broker in Center City's Top Broker Directory. Learn about Center City commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Center City Rates

The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Center City region is going through a decrease in rates. In the last 3 months, the median rate for lease decreased $3 per sqft per year.

Compared to the rest of the Philadelphia commercial real estate market, the Center City region has more expensive rates for rent, and you may need to pay a premium to be in this hot region.

Center City Listing Supply

In the last 90 days, 1504 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Center City are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 4,060 sqft. Most properties in this region are around 15 stories. Most buildings in this market were built close to 1931 and are Class A.

Center City Community

Market Data

Real time and historical data on commercial real estate listings in Center City.
Research