Center City West Office Space

Center City West

Office Space Market Report

Number of Listings (last 90 days)
154
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
5,550
As of: May 20, 2017

Center City West Rates

On average, listings lease in the $30's per square foot per year. The Center City West 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 3% decline in rent.

Compared to the rest of the Philadelphia market, the Center City West submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Center City West Listing Supply

In the last 90 days, 154 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the Center City West 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,550 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 23 floors. Most buildings in this market were built in 1969 and are Class A.

Center City West Community

Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Center City West residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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