Rittenhouse Square Retail

Rittenhouse Square

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,800
As of: March 12, 2017

Rittenhouse Square Rates

On average, listings lease in the $30's per square foot per year. The Rittenhouse Square region is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% increase in rent.

Compared to the rest of the Philadelphia market, the Rittenhouse Square submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Rittenhouse Square Listing Supply

In the last 90 days, 4 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,800 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 21 stories. Most buildings in this market were built in 1927 and are Class A.

Rittenhouse Square Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Most of the folk of Rittenhouse Square work from home. Commuting approximately 15 minutes 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 Rittenhouse Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Rittenhouse Square.
Research