Center City Retail

Center City

Office Space Market Report

Number of Listings (last 90 days)
219
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
5,500
As of: March 12, 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 $1 per sqft per year. That's a 2% decrease 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 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 7% of the office spaces in the Center City are subleases, so you will probably have to focus your search on direct office leases. 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 5,500 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 20 floors. Most buildings in this region 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