Center City Retail

Center City

Office Space Market Report

Number of Listings (last 90 days)
219
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
7,500
As of: July 19, 2017

Center City Rates

Most listings are in the $30's per square foot per year. The Center City region is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the Philadelphia market, the Center City region has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Center City Listing Supply

In the last 90 days, 219 listings have been made available, so you'll want to check back regularly for new listings. About 27% of the listings in the Center City are subleases, so you might be able to find a shorter term or below market rent. 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 7,490 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 19 floors. Most buildings in this market were built in 1931 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