Center City Retail

Center City

Office Space Market Report

Number of Listings (last 90 days)
90
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
5,410
As of: December 8, 2016

Center City Rates

The typical asking rate per listing is in the $30's per square foot per year. The Center City region is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.

Compared to the rest of the Philadelphia market, the Center City submarket has more expensive 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, 90 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available space 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,410 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 20 stories. Most buildings in this market 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