Center City West Office Space For Lease

Center City West

Market Report

Number of Listings For Lease
Posted in the last 90 days
56
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,400

Center City West Commercial Real Estate

Find Center City West 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 West commercial real estate broker in Center City West's Top Broker Directory. Learn about Center City West commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Center City West Rates

The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Center City West region is going through a a rise in rates. In the last 3 months, the median rate for lease went up $3 per sqft per year. That's a 10% rise in rent.

Compared to the rest of the Philadelphia commercial real estate market, the Center City West region has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot region.

Center City West Listing Supply

In the last 90 days, 826 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 space in the Center City West are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,400 sqft. Most properties in this area are around 22 floors. Most buildings in this area were built around 1969 and are Class A.

Center City West Community

Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Center City West occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

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