Center City East Sublease

Center City East

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
6,200
As of: January 21, 2017

Center City East Rates

On average, listings lease in the $30's per square foot per year. The Center City East region is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the Philadelphia market, the Center City East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Center City East Listing Supply

In the last 90 days, 11 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 6,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this market were built in 1924 and are Class A.

Center City East Community

Market Report

Trends and status of the commercial real estate market in Center City East.
Market Report

Market Data

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