Philadelphia Metropolitan Area Office Space

Philadelphia Metropolitan Area

Office Space Market Report

Number of Listings (last 90 days)
1,426
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,640
As of: June 23, 2017

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 seeing a a boost in rates. In the last 3 months, the median rate increased $26 per sqft per year.

Philadelphia Metropolitan Area Listing Supply

In the last 90 days, 1426 listings have come on the market, so you'll want to check back regularly for new listings. About 58% of the listings in the Philadelphia Metropolitan Area are subleases, so you might be able to find a shorter term or below market rent. 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 3,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this area 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.
Research