Downtown-Penn Quarter-Chinatown Sublease

Downtown-Penn Quarter-Chinatown

Office Space Market Report

Number of Listings (last 90 days)
41
Median Rate ($/sqft/yr)
$65
Median Size (sqft)
12,140
As of: July 21, 2017

Downtown-Penn Quarter-Chinatown Rates

On average, listings lease in the $60's per square foot per year. The Downtown-Penn Quarter-Chinatown region is going through a an increase in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% increase in rent.

Downtown-Penn Quarter-Chinatown Listing Supply

In the last 90 days, 41 listings have been posted online, so you'll want to check back regularly for new listings. About 73% of the listings in the Downtown-Penn Quarter-Chinatown 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 7,680 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 12 floors. Most buildings in this region were built in 1986 and are Class A.

Downtown-Penn Quarter-Chinatown Community

Utilities is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Downtown-Penn Quarter-Chinatown residents. Commuting between 30 and 45 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 Downtown-Penn Quarter-Chinatown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown-Penn Quarter-Chinatown.
Research