Center City Retail

Center City

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 25, 2016

Center City Rates

Most listings are in the $30's per square foot per year. The Center City region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.

Compared to the rest of the Philadelphia market, the Center City region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Center City Listing Supply

In the last 90 days, 129 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Center City are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,950 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 20 stories. Most buildings in this area 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.