Rittenhouse Square Office Space

1905 Spruce St Space
Rittenhouse Square, Philadelphia, PA
Are you ready to take your office out of your bedroom? Are you ready to grow your business to the next level? Are you thinking about moving your company into a co-working space but you are worried about your privacy? If you find yourself in these situations, 1905 Collective introduces you to the most exquisite, creative workspace in the city. 1905 Collective offers the perfect marriage between co-working space and privacy in a brilliantly finished & perfectly laid out professional office space. Located one block from Rittenhouse Square, 1905 Collective is your opportunity to bring your business into the heart of Center City Philadelphia. This special property underwent a complete and custom high-end renovation in 2014. The space includes a gorgeous reception area, conference rooms, private offices, co-work spaces as well as 2 fully equipped kitchenettes. Filtered water, coffee and snacks are always available for free! 1905 Collective provides you with all the benefits of co-working space coupled with a high level of privacy. You will share 2800 square feet of co-working space and will have access to your own workstation. Five workstations are available with private storage. Working in 1905 Collective's building will give you access to high speed Wi-Fi, scanner, printer, fax, copy and office supplies. You will also have the opportunity of using a large conference room and a smaller one for different occasions. This space is flawlessly done, remarkably flexible, and in the heart of the City's most desirable neighborhood. Bring your company into one of the most impressive shared workplace located in Philadelphia. Please do not hesitate to contact us and book a tour! The 1905 Collective is a collaborative co-work space that presently houses 3 commercial real-estate firms focused on interior solutions, project management and development. We are three (3) separate businesses that pool resources to benefit the individual sales and operational goals of each company. The intersection of the businesses creates an energetic and collegial work environment that fosters a high level effectiveness while offering a comfortable workplace. We currently have 5 semi-private workspaces available that are ideal for a start-up.

Rittenhouse Square

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,800
As of: February 26, 2017

Rittenhouse Square Rates

The typical asking rate per listing is in the $30's per square foot per year. The Rittenhouse Square submarket is going through a a boost in rates. In the last 3 months, the median rate went up $33 per sqft per year.

Compared to the rest of the Philadelphia market, the Rittenhouse Square submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Rittenhouse Square Listing Supply

In the last 90 days, 4 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,800 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 21 stories. Most buildings in this area were built in 1927 and are Class A.

Rittenhouse Square Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Most of the occupants of Rittenhouse Square work from home. Commuting close to 15 minutes 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 Rittenhouse Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Rittenhouse Square.
Research