On average, listings lease in the $30's per square foot per year. The Center City West submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Philadelphia market, the Center City West region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 826 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Center City West are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 10,920 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 23 stories. Most buildings in this market were built in 1970 and are Class A.
Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Center City West folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Center City West.
Get email notifications when new listings are posted that match your requirements.