Rittenhouse Square Sublease

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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

The typical asking rate per listing is in the $30's per square foot per year. The Rittenhouse Square region is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the Philadelphia market, the Rittenhouse Square region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Rittenhouse Square Listing Supply

In the last 90 days, 4 listings have been made available, which means leases most likley are 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 2,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 21 floors. Most buildings in this area 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 area. Most of the occupants 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