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)
3,000
As of: March 12, 2017

Philadelphia Metropolitan Area Rates

Most listings are in the $20's per square foot per year. The Philadelphia Metropolitan Area region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.

Philadelphia Metropolitan Area Listing Supply

In the last 90 days, 1426 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Philadelphia Metropolitan Area are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 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