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)
$65
Median Size (sqft)
12,140
As of: July 23, 2017

Downtown-Penn Quarter-Chinatown Rates

On average, listings lease in the $60's per square foot per year. The Downtown-Penn Quarter-Chinatown submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 6% decrease in rent.

Downtown-Penn Quarter-Chinatown Listing Supply

In the last 90 days, 41 listings have come on the market, so you'll want to check back regularly for new listings. About 49% 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 12,140 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 12 stories. Most buildings in this region 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 residents. 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