Center City West Commercial Real Estate

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1818 Market St - 2 Spaces Philadelphia, partial floor opportunity and rental rate negotiable
Sep 22
9,310 - 13,530
sqft
Sublease Office Retail Other
1628 John F Kennedy Blvd - 3 Spaces Philadelphia, plus electric charges
Aug 14
2,090 - 5,300
sqft
Office Retail
1700 Market St - 5 Spaces Philadelphia, rental rate negotiable
Aug 10
5,550 - 30,390
sqft
Office
1528 Walnut St - 2 Spaces Philadelphia, plus electric
Aug 08
1,210 - 2,930
sqft
Office
1500 John F Kennedy Blvd - 3 Spaces Philadelphia, plus electric
Jul 18
2,570 - 4,340
sqft
Office
Two Liberty Place - Floor 27 Philadelphia, plus electric
Jun 09
13,000
sqft
Sublease Office
1628 John F Kennedy Blvd - 4 Spaces Philadelphia, plus Electric
Apr 19
6,500 - 10,500
sqft
Sublease Office
1700 Market St - 2 Spaces Philadelphia, rate negotiable
Apr 13
2,620 - 5,550
sqft
Office

Center City West

Market Report

Number of Listings
Posted in the last 90 days
49
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
10,920

Center City West Rates

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.

Center City West Listing Supply

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.

Center City West Community

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.

Market Data

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