Center City Office Space

Center City

Office Space Market Report

Number of Listings (last 90 days)
216
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
5,590
As of: February 24, 2017

Center City Rates

Most listings are in the $30's per square foot per year. The Center City region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the Philadelphia market, the Center City region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Center City Listing Supply

In the last 90 days, 216 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available leases in the Center City 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 5,590 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 20 floors. Most buildings in this region were built in 1930 and are Class A.

Center City Community

Market Report

Trends and status of the commercial real estate market in Center City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Center City.
Research