Philadelphia Metropolitan Area Sublease

Philadelphia Metropolitan Area

Office Space Market Report

Number of Listings (last 90 days)
1,387
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,010
As of: February 20, 2017

Philadelphia Metropolitan Area Rates

On average, listings lease in the $20's per square foot per year. The Philadelphia Metropolitan Area submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.

Philadelphia Metropolitan Area Listing Supply

In the last 90 days, 1392 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Philadelphia Metropolitan Area are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1982 and are Class A.

Philadelphia Metropolitan Area Community

Market Report

Trends and status of the commercial real estate market in Philadelphia Metropolitan Area.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Philadelphia Metropolitan Area.
Research