Philadelphia Metropolitan Area Office Space

Philadelphia Metropolitan Area

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Philadelphia Metropolitan Area Rates

The typical asking rate per listing is in the $20's per square foot per year. The Philadelphia Metropolitan Area submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.

Philadelphia Metropolitan Area Listing Supply

In the last 90 days, 882 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available leases in the Philadelphia Metropolitan Area are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,030 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1982 and are Class A.

Philadelphia Metropolitan Area Community

Market Report

Trends and status of the commercial real estate market in Philadelphia Metropolitan Area.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Philadelphia Metropolitan Area.