Center City East Office Space

Center City East

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
11,000
As of: May 23, 2017

Center City East Rates

The typical asking rate per listing is in the $30's per square foot per year. The Center City East region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% increase in rent.

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

Center City East Listing Supply

In the last 90 days, 16 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Center City East are subleases, so you will probably have to consider a longer term lease. 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 11,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this area were built in 1924 and are Class A.

Center City East Community

Market Report

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

Market Data

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