Philadelphia Office Space for Rent
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Renting Office Space in Philadelphia
Office space for rent in Philadelphia primarily revolve around corporate headquarters, professional services, and healthcare institutions. Lease terms for office spaces in Philadelphia show a preference for medium-term stability, with 3-5 year leases being the most common at 43.19%. Shorter leases of 1-2 years make up 9.47%, while long-term leases of 5+ years account for 20.79%. Short-term leases of less than one year make up 8.55%, reflecting some businesses' need for flexibility. Central business districts like Center City and University City are particularly popular due to their connectivity and professional environments. As Philadelphia’s economy continues to diversify, demand for centrally located office spaces is expected to grow.
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Suite Rates in Philadelphia
Suite Sizes in Philadelphia
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
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*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.