The Jacob Reed Building

Off Market

1424 Chestnut Street, Philadelphia, PA 19102

  • Office
  • General Office
  • 44,000 Sqft

The Jacob Reed Building, Philadelphia, PA 19102 - Office Space

The Jacob Reed Building is located at 1424 Chestnut Street in the Center City West neighborhood, PA, Philadelphia, 19102. The Class B Office building was completed in 1983 and features a total of 44,000 Sqft.

There are 206 office spaces for lease in the Center City West neighborhood, totaling 2,041,624 Sqft of available office space. The office space availability for the 19102 zip code is 629,307 Sqft, in 88 office spaces. The average asking office rent per sq. ft. in Center City West is $27.63/sqft/year. For Class A+ office buildings the average office rate is $33.75/sqft/year, for Class A office buildings the average office rate is $27.22/sqft/year, for Class B office buildings the average office rate is $24.69/sqft/year.

In Center City West, there are 10 class B office buildings. In Center City West, there are a total of 7 LEED certified office buildings. In 1983, the same year The Jacob Reed Building was built, 66 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Philadelphia, featuring 1,254,547 square feet of commercial space. At zip code level, there are 19 commercial properties, of which 19 are office buildings over 50,000 square feet.

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Nearby Properties

Details

  • City Philadelphia
  • Neighborhood Center City West
  • Zip Code 19102
  • Market Philadelphia
  • Property Type Office - General Office
  • Property Size 44,000 Sqft
  • Lot Size 0.26 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1983
  • Date Updated 07 Apr, 2020

FREQUENTLY ASKED QUESTIONS

What is the total square footage of The Jacob Reed Building?

The Jacob Reed Building totals 44,000 square feet.

When was this property built?

The Jacob Reed Building was built in 1983.

Center City West Demographics

The average household income in zip code 19102 is $142,551, from a total of 2,978 households. In terms of employment, there are 97.46 % white-collar and 2.54 % blue-collar jobs in zip code 19102.

Population

  • Total Population8,536
  • Male Population(45.1 %) 3,848
  • Female Population(54.9 %) 4,688
  • Median Age34.00

Income/Financial

  • Average Household Income$125,035
  • Median Household Income$82,180
  • Median Income Under 25$35,320
  • Median Income 25-44$80,268
  • Median Income 45-64$114,323
  • Median Income Over 65$109,665