Center City West Retail

Center City West

Office Space Market Report

Number of Listings (last 90 days)
154
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
10,920
As of: August 21, 2017

Center City West Rates

Most listings are in the $30's per square foot per year. The Center City West submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% rise in rent.

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

Center City West Listing Supply

In the last 90 days, 154 listings have been listed, so you'll want to check back regularly for new listings. About 29% of the listings in the Center City West are subleases, so you might be able to snag a great spot on a short term. 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 10,980 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 23 floors. Most buildings in this region were built in 1970 and are Class A.

Center City West Community

Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Center City West occupants. Commuting more than an hour and a half 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 Center City West.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Center City West.
Research