Downtown-Penn Quarter-Chinatown Office Space

Downtown-Penn Quarter-Chinatown

Office Space Market Report

Number of Listings (last 90 days)
41
Median Rate ($/sqft/yr)
$69
Median Size (sqft)
3,940
As of: August 16, 2017

Downtown-Penn Quarter-Chinatown Rates

Most listings are in the $60's per square foot per year. The Downtown-Penn Quarter-Chinatown submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 1% decrease in rent.

Downtown-Penn Quarter-Chinatown Listing Supply

In the last 90 days, 41 listings have been made available, so you'll want to check back regularly for new listings. About 22% of the office spaces in the Downtown-Penn Quarter-Chinatown are subleases, so you might be able to snag a great spot on a short term. 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 3,940 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 12 stories. Most buildings in this market were built in 1986 and are Class A.

Downtown-Penn Quarter-Chinatown Community

Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown-Penn Quarter-Chinatown occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown-Penn Quarter-Chinatown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown-Penn Quarter-Chinatown.
Research