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| Meta Description | Explore 917 Philadelphia, PA office space for rent listings, with coverage across all office types, neighborhoods, and submarkets. | |||||||||
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| Boilerpipe Text | Office Space Rents in Philadelphia, PA
Asking prices for office space in Philadelphia vary and are generally influenced by such factors as the property location, the building quality rating, and the proximity to amenities like restaurants, cafes, and entertainment venues, as well as how convenient access is to and from public transport, airports, and thoroughfares.
Most commonly, the cost in any location will first be influenced by the property class rating, which can be A, B, or C.
For example, Philadelphia space rated Class A averages $43.14 per square foot.
Meanwhile, Class B space in Philadelphia asks $28.17 per square foot, on average.
At the same time, listings in Class C buildings are listed for an average of $19.82 per square foot.
Overall, the average rent for office space in Philadelphia is $38.25 per square foot.
Meanwhile, the minimum rental rate in Philadelphia is $17 per square foot.
Top Locations to Rent Office Space in Philadelphia, PA
There is no one-size-fits-all answer as to what the best office space for rent location is in Philadelphia. The best neighborhood or submarket match for you will depend on what are the most relevant factors to your business and your employees. You will most likely need to consider what works best for the type of business you need space for, the size of your company, the employee demographics, and of course the company budget.
However, a good starting point for finding your best options is to look at the areas where there is a high concentration of office property listings. These areas are typically well-connected to a range of access routes and are also home to a variety of amenities that serve the convenience of both workers and visitors.
In Philadelphia, the greatest concentration of office for rent opportunities is in Philadelphia - Center City.
For your consideration, the average rent for office space in Philadelphia - Center City is $38.47 per square foot, but you should expect some price variation across the market, depending on factors like location and property class.
For example, the asking rents in Philadelphia - Center City average $42.85 for class A space, but is $28.66, on average, for class B listings, and $19.5 for class C.
Submarket
No. of Listings
Avg. Asking Rent
Class A&A+ Rent
Class B Rent
Class C Rent
Vacancy Rate
Philadelphia - Center City
129
$38.47
$42.85
$28.66
$19.5
18.42%
City Avenue Corridor
27
$37.88
$41.11
$30.64
$32.5
22.98%
Philadelphia - University District
19
$40.59
$40.59
15.95%
Philadelphia - North Central
16
$24.05
$24.05
8.87%
Philadelphia - Northwest
9
$21.01
$24.58
$20.1
32.49%
Key Factors to Consider when Choosing an Office Space for Rent in Philadelphia, PA
The quality of an office property can be judged based on subjective factors such as the prospective tenant’s preferred architecture style, the overall design of the surrounding area, as well as the amount and/or diversity of amenities available within a convenient distance.
Some quality factors, however, are considered to be mostly objective, and have been somewhat standardized as top things to consider when looking for a specific quality of space for your business. These include construction grade and building quality ratings, sustainability certifications, the total age or the property, as well as any renovation work that was done.
A local breakdown by property class shows that about 43.83% of total office space listings in Philadelphia are in properties rated class A.
An additional 16.31% of total represents trophy class or class A+ space.
Class B space makes up 33.09% of total space available in Philadelphia.
Class C space listed for rent locally accounts for 6.77% of total opportunities on the local leasing market.
If considering quality space by property age, the Philadelphia market is also a mixed bag in this respect. About 81.56% of local office properties were completed before the year 2000.
Office space delivered in and since the year 2000 makes up 18.44% of the local market and adds up to a total of 4,124,405 square feet.
However, a certain age of completion of the original structure does not necessarily mean that a property is too old. Older properties are often considered to have excellent bones and are good subjects for adaptive reuse redevelopment or extensive renovation to modernize the interior space. With that in mind, you should consider that roughly 5.06% of all office properties here are buildings that have been renovated at least once since 2000.
Philadelphia, PA Office Space for Lease by Building Class
Class A+
Class A
Class B
Class C
Modern quality standards also take into account the property’s sustainability minded design, which is largely standardized by certification processes such as the LEED program. In Philadelphia, you can find 167 listings for rent that are in LEED-certified or LEED-proposed properties.
The local market is home to 21 LEED-certified office building(s). Certification can range from basic LEED requirements to Platinum, which is the highest achievable level of certification awarded by the U.S. Green Building Council.
Currently, Philadelphia has 2 LEED-proposed office building(s) awaiting certification.
Finding Office Space for Rent in Philadelphia, PA Near You
If you have a certain point of interest in mind for renting an office in Philadelphia, it’s easy to navigate local leasing opportunities around it. Using our interactive search map, you can zoom in to your preferred location and then customize your search area around that specific point of interest by selecting “Radius” from the Search Mode options menu. Establish the center of your desired search area with one click on the map, and then expand the radius as much as you need to. Browse the resulting list of available office spaces for rent to find the best match for your location and other business needs.
Data was provided by Yardi Research Data and refers to office properties at least 25,000 square feet in size. Prices shown reflect the average rate per square foot.
About Us
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CommercialSearch is a trusted Yardi listing service and an essential element of the fast-growing CommercialCafe network, which ranks on the 1st page of Google for all top markets across its multiple platforms, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts yearly. | |||||||||
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1. [Pennsylvania](https://www.commercialsearch.com/office/us/pa/ "Pennsylvania")
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# Philadelphia, PA Office Space for Rent
Search 917 office listing(s) in Philadelphia, PA and find helpful local stats in the [Market Overview]() section below.
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- 
Coworking
#### [PA, Philadelphia - Commerce Square](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/pa-philadelphia-commerce-square/)

2001 Market Street, Philadelphia, PA
**Space Type**
- Private Offices
**For Lease**
- From \$379/month
**Space for 1 to 15 people**
[View Details (opens in new window)](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/pa-philadelphia-commerce-square/)
Contact Property
- 
Coworking
#### [PA, Philadelphia - Chestnut Street](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/pa-philadelphia-chestnut-street/)

325-41 Chestnut Street Suite 800, Philadelphia, PA
**Space Type**
- Private Offices
**For Lease**
- From \$409/month
**Space for 1 to 15 people**
[View Details (opens in new window)](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/pa-philadelphia-chestnut-street/)
Contact Property
- 
#### [801 Arch Street](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/801-arch-street/)
801 Arch Street, Chinatown, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**3 spaces available / 2,236 - 5,086 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/801-arch-street/)
Contact Property
- 
#### [1818 Market Street](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1818-market-street-3/)
1818 Market Street, Center City West, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**18 spaces available / 1,425 - 30,431 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1818-market-street-3/)
Contact Property
- Which office listing type do you prefer?
Traditional
Coworking

- 
#### [1900 S Broad St](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1900-s-broad-st-1/)
1900 S Broad St, Newbold, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$0.08/SF/MO
**1 space available / 41,480 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1900-s-broad-st-1/)
Contact Property
- .jpg?width=450)
#### [1420 Walnut Street](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1420-walnut-street-2/)
1420 Walnut Street, Rittenhouse Square, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$26.00/SF/YR
**13 spaces available / 702 - 3,159 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1420-walnut-street-2/)
Contact Property
- 
#### [8015-8021 Frankford Avenue](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/8015-8021-frankford-avenue/)
8015 Frankford Avenue, Holmesburg, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**2 spaces available / 3,335 - 7,500 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/8015-8021-frankford-avenue/)
Contact Property
- 
Coworking
#### [Bond Collective Center City](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/bond-collective-center-city/)
Bond Collective
1617 John F Kennedy Boulevard 20th floor, Philadelphia, PA
**Space Type**
- Desks
**For Lease**
- From \$40/day
**Space for 1 person**
[View Details (opens in new window)](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/bond-collective-center-city/)
Contact Property
- 
#### [Center City Philadelphia Medical Office Condominium](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/center-city-philadelphia-medical-office-condominium/)
207 N Broad Street, Center City East, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$22.50/SF/YR
**1 space available / 6,300 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/center-city-philadelphia-medical-office-condominium/)
Contact Property
- 
#### [100 Independence](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/100-independence/)
600 Market Street, Market East, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**2 spaces available / 8,835 - 23,288 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/100-independence/)
Contact Property
- 
#### [801 Locust St](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/801-locust-st/)
801 Locust St, Washington Square West, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$38.00/SF/YR
**1 space available / 4,000 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/801-locust-st/)
Contact Property
- 
#### [3020 Market Street](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/3020-market-street/)
3020 Market Street, University City, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**6 spaces available / 794 - 9,224 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/3020-market-street/)
Contact Property
- 
#### [1315 Walnut St](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1315-walnut-st/)
1315 Walnut St, Washington Square West, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$27.00/SF/YR
**25 spaces available / 302 - 12,290 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1315-walnut-st/)
Contact Property
- 
#### [Biddle Building](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/biddle-building/)
1217 Sansom Street, Washington Square West, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**1 space available / 2,800 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/biddle-building/)
Contact Property
- 
#### [1611 Walnut St](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1611-walnut-st/)
1611 Walnut St, Center City West, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**1 space available / 2,336 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1611-walnut-st/)
Contact Property
- 
#### [Public Ledger Building](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/public-ledger-building/)
600 Chestnut Street, Society Hill, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**10 spaces available / 1,773 - 27,991 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/public-ledger-building/)
Contact Property
- 
Coworking
#### [Same Day Virtual Offices - 1435 Walnut Street](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/same-day-virtual-offices-1435-walnut-street/)
Same Day Virtual Offices
1435 Walnut Street, Suite 501, Philadelphia, PA
**Space Type**
- Desks
**For Lease**
- From \$30/day
**Space for up to 10 people**
[View Details (opens in new window)](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/same-day-virtual-offices-1435-walnut-street/)
Contact Property
- .jpg?width=450)
#### [915 Spring Garden St](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/915-spring-garden-st-3/)
915 Spring Garden St, West Poplar, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$1.00/SF/YR
**3 spaces available / 2,130 - 3,066 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/915-spring-garden-st-3/)
Contact Property
- 
#### [The Foremost Building](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/the-foremost-building/)
525 South 4th Street, Society Hill, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$45.83 - \$204.17/MO
**11 spaces available / 140 - 1,200 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/the-foremost-building/)
Contact Property
- 
#### [The Poplar](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/quaker-building/)
900 North 9th Street, West Poplar, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**3 spaces available / 3,795 - 4,775 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/quaker-building/)
Contact Property
- 
#### [Two Commerce Square](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/two-commerce-square/)
2001 Market Street, Center City West, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**9 spaces available / 2,005 - 33,572 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/two-commerce-square/)
Contact Property
- 
#### [Constitution Place](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/constitution-place/)
325 Chestnut Street, Old City, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$31.00/SF/YR
**8 spaces available / 307 - 14,877 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/constitution-place/)
Contact Property
- 
Coworking
#### [Incutate Workplace Philly](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/incutate-workplace-philly/)
Incutate Workplace (IWP)
226 Walnut Street, Philadelphia, PA
**Space Type**
- Private Offices
**For Lease**
- From \$650/month
**Space for 1 to 5 people**
[View Details (opens in new window)](https://www.commercialsearch.com/coworking-property/us/pa/philadelphia/incutate-workplace-philly/)
Contact Property
- 
#### [1225 N 7th St](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1225-n-7th-st/)
1225 N 7th St, Ludlow, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**1 space available / 4,875 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1225-n-7th-st/)
Contact Property
- 
#### [The Washington](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/one-washington-square-1/)
510-530 Walnut Street, Society Hill, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**12 spaces available / 2,358 - 44,549 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/one-washington-square-1/)
Contact Property
- 
#### [2\.0 University Place](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/2-0-university-place/)
30 North 41st Street, West Powelton, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$38.50/SF/YR
**1 space available / 12,380 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/2-0-university-place/)
Contact Property
- 
#### [Gateway Business Center](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/gateway-business-center/)
7821 Bartram Avenue, Eastwick Southwest Philadelphia, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$24.00/SF/YR
**3 spaces available / 998 - 3,600 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/gateway-business-center/)
Contact Property
- 
#### [Schuylkill Yards - 3151 Market Street](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/schuylkill-yards-3151-market-street/)
3151 Market Street, University City, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**11 spaces available / 27,464 - 38,456 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/schuylkill-yards-3151-market-street/)
Contact Property
- 
#### [FMC Tower at Cira Centre South](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/fmc-tower-at-cira-centre-south/)
2929 Walnut Street, University City, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**11 spaces available / 1,968 - 25,303 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/fmc-tower-at-cira-centre-south/)
Contact Property
- 
#### [1600 Arch Street](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1600-arch-street/)
1600 Arch Street, Logan Square, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**1 space available / 732 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/1600-arch-street/)
Contact Property
- 
#### [121 S Broad St](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/121-s-broad-st-1/)
121 S Broad St, Washington Square West, Philadelphia, PA
**Space Type**
- Office
**For Lease**
- \$29.50/SF/YR
**1 space available / 6,610 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/121-s-broad-st-1/)
Contact Property
- 
#### [801 Market Street](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/801-market-street/)
801 Market Street, Market East, Philadelphia, PA
**Space Type**
- Office
**For Lease** [Contact for pricing]("Contact for pricing")
**1 space available / 21,961 SF**
[View Details (opens in new window)](https://www.commercialsearch.com/commercial-property/us/pa/philadelphia/801-market-street/)
Contact Property
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### Office Space Rents in Philadelphia, PA
Asking prices for office space in Philadelphia vary and are generally influenced by such factors as the property location, the building quality rating, and the proximity to amenities like restaurants, cafes, and entertainment venues, as well as how convenient access is to and from public transport, airports, and thoroughfares.
Most commonly, the cost in any location will first be influenced by the property class rating, which can be A, B, or C. For example, Philadelphia space rated Class A averages \$43.14 per square foot. Meanwhile, Class B space in Philadelphia asks \$28.17 per square foot, on average. At the same time, listings in Class C buildings are listed for an average of \$19.82 per square foot.
Overall, the average rent for office space in Philadelphia is \$38.25 per square foot. Meanwhile, the minimum rental rate in Philadelphia is \$17 per square foot.
#### Average Office Rents by Property Class in Philadelphia vs Pennsylvania
Philadelphia Class A & A+ Office Space
\$43.14
Pennsylvania Class A & A+ Office Space
\$34.29
Philadelphia Class B Office Space
\$28.17
Pennsylvania Class B Office Space
\$25.57
Philadelphia Class C Office Space
\$19.82
Pennsylvania Class C Office Space
\$19.06
### Top Locations to Rent Office Space in Philadelphia, PA
There is no one-size-fits-all answer as to what the best office space for rent location is in Philadelphia. The best neighborhood or submarket match for you will depend on what are the most relevant factors to your business and your employees. You will most likely need to consider what works best for the type of business you need space for, the size of your company, the employee demographics, and of course the company budget.
However, a good starting point for finding your best options is to look at the areas where there is a high concentration of office property listings. These areas are typically well-connected to a range of access routes and are also home to a variety of amenities that serve the convenience of both workers and visitors. In Philadelphia, the greatest concentration of office for rent opportunities is in Philadelphia - Center City.
For your consideration, the average rent for office space in Philadelphia - Center City is \$38.47 per square foot, but you should expect some price variation across the market, depending on factors like location and property class. For example, the asking rents in Philadelphia - Center City average \$42.85 for class A space, but is \$28.66, on average, for class B listings, and \$19.5 for class C.
#### Best Areas to Rent Office Space in Philadelphia
Submarket No. of Listings Avg. Asking Rent Class A\&A+ Rent Class B Rent Class C Rent Vacancy Rate
Philadelphia - Center City 129 \$38.47 \$42.85 \$28.66 \$19.5 18\.42%
City Avenue Corridor 27 \$37.88 \$41.11 \$30.64 \$32.5 22\.98%
Philadelphia - University District 19 \$40.59 \$40.59 15\.95%
Philadelphia - North Central 16 \$24.05 \$24.05 8\.87%
Philadelphia - Northwest 9 \$21.01 \$24.58 \$20.1 32\.49%
### Key Factors to Consider when Choosing an Office Space for Rent in Philadelphia, PA
The quality of an office property can be judged based on subjective factors such as the prospective tenant’s preferred architecture style, the overall design of the surrounding area, as well as the amount and/or diversity of amenities available within a convenient distance.
Some quality factors, however, are considered to be mostly objective, and have been somewhat standardized as top things to consider when looking for a specific quality of space for your business. These include construction grade and building quality ratings, sustainability certifications, the total age or the property, as well as any renovation work that was done.
A local breakdown by property class shows that about 43.83% of total office space listings in Philadelphia are in properties rated class A. An additional 16.31% of total represents trophy class or class A+ space. Class B space makes up 33.09% of total space available in Philadelphia. Class C space listed for rent locally accounts for 6.77% of total opportunities on the local leasing market.
If considering quality space by property age, the Philadelphia market is also a mixed bag in this respect. About 81.56% of local office properties were completed before the year 2000. Office space delivered in and since the year 2000 makes up 18.44% of the local market and adds up to a total of 4,124,405 square feet.
However, a certain age of completion of the original structure does not necessarily mean that a property is too old. Older properties are often considered to have excellent bones and are good subjects for adaptive reuse redevelopment or extensive renovation to modernize the interior space. With that in mind, you should consider that roughly 5.06% of all office properties here are buildings that have been renovated at least once since 2000.
#### Philadelphia, PA Office Space for Lease by Building Class
- **Class A+**
- **Class A**
- **Class B**
- **Class C**
#### Philadelphia, PA Office Property By Year Built
25
Before 1900
78
1900 - 1925
69
1925 - 1950
66
1950 - 1975
70
1975 - 2000
54
After 2000
Modern quality standards also take into account the property’s sustainability minded design, which is largely standardized by certification processes such as the LEED program. In Philadelphia, you can find 167 listings for rent that are in LEED-certified or LEED-proposed properties. The local market is home to 21 LEED-certified office building(s). Certification can range from basic LEED requirements to Platinum, which is the highest achievable level of certification awarded by the U.S. Green Building Council. Currently, Philadelphia has 2 LEED-proposed office building(s) awaiting certification.
#### Number of Buildings by Leed certification in Philadelphia, PA
21
TOTAL
7
Gold
7
Platinum
6
Silver
1
LEED
#### Size by Leed certification in Philadelphia, PA
TOTAL
13,054,418
Gold
5,569,821
Silver
4,377,390
Platinum
2,650,285
LEED
456,922
### Finding Office Space for Rent in Philadelphia, PA Near You
If you have a certain point of interest in mind for renting an office in Philadelphia, it’s easy to navigate local leasing opportunities around it. Using our interactive search map, you can zoom in to your preferred location and then customize your search area around that specific point of interest by selecting “Radius” from the Search Mode options menu. Establish the center of your desired search area with one click on the map, and then expand the radius as much as you need to. Browse the resulting list of available office spaces for rent to find the best match for your location and other business needs.
Data was provided by Yardi Research Data and refers to office properties at least 25,000 square feet in size. Prices shown reflect the average rate per square foot.
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### About Us
CommercialSearch collaborates with highly respected major brokerages nationwide to provide frequently updated high-quality listings. Find all commercial property types on our marketplace, from office, coworking, retail, and industrial to special purpose properties.
CommercialSearch is a trusted Yardi listing service and an essential element of the fast-growing CommercialCafe network, which ranks on the 1st page of Google for all top markets across its multiple platforms, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts yearly.
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| Readable Markdown | ### Office Space Rents in Philadelphia, PA
Asking prices for office space in Philadelphia vary and are generally influenced by such factors as the property location, the building quality rating, and the proximity to amenities like restaurants, cafes, and entertainment venues, as well as how convenient access is to and from public transport, airports, and thoroughfares.
Most commonly, the cost in any location will first be influenced by the property class rating, which can be A, B, or C. For example, Philadelphia space rated Class A averages \$43.14 per square foot. Meanwhile, Class B space in Philadelphia asks \$28.17 per square foot, on average. At the same time, listings in Class C buildings are listed for an average of \$19.82 per square foot.
Overall, the average rent for office space in Philadelphia is \$38.25 per square foot. Meanwhile, the minimum rental rate in Philadelphia is \$17 per square foot.
### Top Locations to Rent Office Space in Philadelphia, PA
There is no one-size-fits-all answer as to what the best office space for rent location is in Philadelphia. The best neighborhood or submarket match for you will depend on what are the most relevant factors to your business and your employees. You will most likely need to consider what works best for the type of business you need space for, the size of your company, the employee demographics, and of course the company budget.
However, a good starting point for finding your best options is to look at the areas where there is a high concentration of office property listings. These areas are typically well-connected to a range of access routes and are also home to a variety of amenities that serve the convenience of both workers and visitors. In Philadelphia, the greatest concentration of office for rent opportunities is in Philadelphia - Center City.
For your consideration, the average rent for office space in Philadelphia - Center City is \$38.47 per square foot, but you should expect some price variation across the market, depending on factors like location and property class. For example, the asking rents in Philadelphia - Center City average \$42.85 for class A space, but is \$28.66, on average, for class B listings, and \$19.5 for class C.
Submarket No. of Listings Avg. Asking Rent Class A\&A+ Rent Class B Rent Class C Rent Vacancy Rate
Philadelphia - Center City 129 \$38.47 \$42.85 \$28.66 \$19.5 18\.42%
City Avenue Corridor 27 \$37.88 \$41.11 \$30.64 \$32.5 22\.98%
Philadelphia - University District 19 \$40.59 \$40.59 15\.95%
Philadelphia - North Central 16 \$24.05 \$24.05 8\.87%
Philadelphia - Northwest 9 \$21.01 \$24.58 \$20.1 32\.49%
### Key Factors to Consider when Choosing an Office Space for Rent in Philadelphia, PA
The quality of an office property can be judged based on subjective factors such as the prospective tenant’s preferred architecture style, the overall design of the surrounding area, as well as the amount and/or diversity of amenities available within a convenient distance.
Some quality factors, however, are considered to be mostly objective, and have been somewhat standardized as top things to consider when looking for a specific quality of space for your business. These include construction grade and building quality ratings, sustainability certifications, the total age or the property, as well as any renovation work that was done.
A local breakdown by property class shows that about 43.83% of total office space listings in Philadelphia are in properties rated class A. An additional 16.31% of total represents trophy class or class A+ space. Class B space makes up 33.09% of total space available in Philadelphia. Class C space listed for rent locally accounts for 6.77% of total opportunities on the local leasing market.
If considering quality space by property age, the Philadelphia market is also a mixed bag in this respect. About 81.56% of local office properties were completed before the year 2000. Office space delivered in and since the year 2000 makes up 18.44% of the local market and adds up to a total of 4,124,405 square feet.
However, a certain age of completion of the original structure does not necessarily mean that a property is too old. Older properties are often considered to have excellent bones and are good subjects for adaptive reuse redevelopment or extensive renovation to modernize the interior space. With that in mind, you should consider that roughly 5.06% of all office properties here are buildings that have been renovated at least once since 2000.
#### Philadelphia, PA Office Space for Lease by Building Class
- **Class A+**
- **Class A**
- **Class B**
- **Class C**
Modern quality standards also take into account the property’s sustainability minded design, which is largely standardized by certification processes such as the LEED program. In Philadelphia, you can find 167 listings for rent that are in LEED-certified or LEED-proposed properties. The local market is home to 21 LEED-certified office building(s). Certification can range from basic LEED requirements to Platinum, which is the highest achievable level of certification awarded by the U.S. Green Building Council. Currently, Philadelphia has 2 LEED-proposed office building(s) awaiting certification.
### Finding Office Space for Rent in Philadelphia, PA Near You
If you have a certain point of interest in mind for renting an office in Philadelphia, it’s easy to navigate local leasing opportunities around it. Using our interactive search map, you can zoom in to your preferred location and then customize your search area around that specific point of interest by selecting “Radius” from the Search Mode options menu. Establish the center of your desired search area with one click on the map, and then expand the radius as much as you need to. Browse the resulting list of available office spaces for rent to find the best match for your location and other business needs.
Data was provided by Yardi Research Data and refers to office properties at least 25,000 square feet in size. Prices shown reflect the average rate per square foot.
### About Us
CommercialSearch collaborates with highly respected major brokerages nationwide to provide frequently updated high-quality listings. Find all commercial property types on our marketplace, from office, coworking, retail, and industrial to special purpose properties.
CommercialSearch is a trusted Yardi listing service and an essential element of the fast-growing CommercialCafe network, which ranks on the 1st page of Google for all top markets across its multiple platforms, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts yearly. | |||||||||
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