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Commercial Real Estate in Philadelphia, PA - 467 Properties Available

  • The Navy Yard Building 100 Innovation Center - Philadelphia
    4801 South 13th Street, Navy Yard, Philadelphia, PA 19112
    For Lease $27/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 2,040 Sqft
  • The Philly QuarterMaster - Philadelphia
    2800 South 20th Street, Girard Estates, Philadelphia, PA 19145
    For Lease $12 - $22/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 600,000 Sqft
  • One South Broad - Philadelphia
    1 South Broad Street, Market East, Philadelphia, PA 19107
    For Lease $28.5 - $29.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 10 Spaces
    • 132,676 Sqft
  • The Washington - Philadelphia
    510 Walnut Street, Society Hill, Philadelphia, PA 19106
    For Lease $26.5 - $30.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 8 Spaces
    • 127,445 Sqft
  • Ten Penn Center - Philadelphia
    1801 Market Street, Center City West, Philadelphia, PA 19103
    For Lease $28.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 11 Spaces
    • 112,163 Sqft
  • East Market - Philadelphia
    1100 Ludlow Street, Market East, Philadelphia, PA 19107
    For Lease $35/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 90,771 Sqft
  • Constitution Health Plaza - Philadelphia
    1930 South Broad Street, Newbold, Philadelphia, PA 19145
    For Lease $12 - $43/Sqft/Yearly
    Property
    • Office
    Availability
    • 13 Spaces
    • 72,436 Sqft
  • Witherspoon Building - Philadelphia
    130 South Juniper Street, Washington Square West, Philadelphia, PA 19107
    For Lease $16 - $29/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 67,626 Sqft
  • Riverview Place - Philadelphia
    520 North Delaware Avenue, Old City, Philadelphia, PA 19123
    For Lease $15.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 32,362 Sqft
  • The Wallace Building - Philadelphia
    642 North Broad Street, Spring Garden, Philadelphia, PA 19130
    For Lease $20/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 31,294 Sqft
  • 1429 Walnut Street - Philadelphia
    1429 Walnut Street, Center City West, Philadelphia, PA 19102
    For Lease $24/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 17,553 Sqft
  • The Graham Building - Philadelphia
    30 South 15th Street, Center City West, Philadelphia, PA 19102
    For Lease $32.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 14,666 Sqft
  • Commerce Way Office Complex - Philadelphia
    2708 Commerce Way, Byberry, Philadelphia, PA 19154
    For Lease $11/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 14,518 Sqft
  • 2373 Welsh Road - Philadelphia
    2373 Welsh Road, Ashton - Woodenbridge, Philadelphia, PA 19114
    For Lease $17/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 11,710 Sqft
  • 5828 Market Street - Philadelphia
    5828 Market Street, Cobbs Creek, Philadelphia, PA 19139
    For Lease $15/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 11,000 Sqft
  • 100 North 20th Street - Philadelphia
    100 North 20th Street, Logan Square, Philadelphia, PA 19103
    For Lease $23.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 10,000 Sqft
  • 1211 Chestnut Street - Philadelphia
    1211 Chestnut Street, Market East, Philadelphia, PA 19107
    For Lease $21/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 8,512 Sqft
  • 1518 Walnut Street - Philadelphia
    1518 Walnut Street, Rittenhouse Square, Philadelphia, PA 19102
    For Lease $24/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 8,313 Sqft
  • Medical Tower Building - Philadelphia
    255 South 17th Street, Rittenhouse Square, Philadelphia, PA 19103
    For Lease $25/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 6,421 Sqft
  • 426-436 East Allegheny Avenue - Philadelphia
    426 East Allegheny Avenue, Kensington, Philadelphia, PA 19134
    For Lease $12/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 5,160 Sqft
  • New Market Complex - Philadelphia
    419 South 2nd Street, Society Hill, Philadelphia, PA 19147
    For Lease $10 - $30/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 5,130 Sqft
  • Medical Arts Building - Philadelphia
    1601 Walnut Street, Center City West, Philadelphia, PA 19102
    For Lease $25/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 4,923 Sqft
  • 461 North 3rd Street - Philadelphia
    461 North 3rd Street, Old City, Philadelphia, PA 19123
    For Lease $21/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 2,500 Sqft
  • 1608 Walnut Street - Philadelphia
    1608 Walnut Street, Rittenhouse Square, Philadelphia, PA 19103
    For Lease $23.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 7 Spaces
    • 31,366 Sqft
  • The Curtis - Philadelphia
    601 Walnut Street, Society Hill, Philadelphia, PA 19106
    Contact for pricing
    Property
    • Office
    Availability
    • 18 Spaces
    • 154,010 Sqft

Philadelphia, PA Economic Overview

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Read about: Philadelphia, PA Commercial Real Estate Market | Philadelphia, PA Commercial Inventory Breakdown | Employment in Philadelphia, PA | Education in Philadelphia, PA | Commuting Time in Philadelphia, PA

There are few cities that embody the history of the United States quite like Philadelphia, from its role in the founding of the country to its well preserved monuments, like the famous Liberty Bell. With a population of roughly 1.6 million, it’s also one of the modern U.S.’ largest and most prosperous cities, which contributes to the booming Philadelphia commercial real estate market.

Philadelphia’s economy is powered by a diverse set of industries, including manufacturing, oil refining, food processing, tourism, financial services, telecommunications, healthcare and higher education. Notably, it is also home to the Port of Philadelphia, a collection of freshwater ports that is among the largest in the world, right alongside Minnesota and Wisconsin’s Twin ports complex.

Philadelphia, PA Commercial Real Estate Market

The massive Philadelphia metropolitan area, also known as the Delaware Valley, stretches across parts of four different states, including southwestern New Jersey, northern Delaware and northeastern Maryland. The expanse adds up to about 7000 square miles on which the Philadelphia office market can grow and thrive.

Downtown Philadelphia, or Center City, is one of the most highly populated downtown areas in the country, second only to Midtown Manhattan. The Downtown Philadelphia office market alone encompasses 64 million square feet of office space. Downtown is home to the headquarters of three Fortune 500 companies: cable and internet provider Comcast, insurance provider Cigna and food services company Aramark.

While these giants provide a glimpse of the makeup of the overall Philadelphia economy, the downtown area is also greatly reliant on the financial, medical, legal and government sectors. South Philadelphia office market is highly dependent on entertainment and tourism, along with energy. Here you’ll find the headquarters to the Fortune 500 oil corporation Sunoco, along with the South Philadelphia Sports Complex. The complex contains Lincoln Financial field–home of the Philadelphia Eagles, the Wells Fargo Center, home of the 76ers and Flyers and the Citizens Bank Park, home of the Phillies.

West Philadelphia is a major center for higher education, medical research and tourism. It’s the site of some of Philadelphia’s premier universities, including the University of Pennsylvania, Drexel University, and St. Joseph’s University. The area also holds a large portion of the city’s historical interest points, as well as the Philadelphia Zoo, which the oldest zoo in the United States.

Suburban Philadelphia, spread across the Delaware Valley region, contains a large number of communities, which make up the bulk of Philadelphia metro’s manufacturing, oil refining and food processing industries. The Delaware valley office market encompasses roughly 124 million square feet of office space and is home to the headquarters of nine Fortune 500 companies, including Lincoln Financial Group, Lockheed Martin and Crown Holdings Inc. Here you’ll find the King of Prussia Mall, the largest in the U.S., by leasable space.

Philadelphia, PA Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Philadelphia, PA Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Philadelphia, PA Commercial Inventory Breakdown

Office Spaces

Total: 76,239,506 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 5,718,977 SF / 7.5% of total office
  • 100k to 500k SF: 22,335,073 SF / 29.3% of total office
  • 500k to 1M SF: 33,871,688 SF / 44.43% of total office
  • > 1M SF: 14,313,768 SF / 18.77% of total office

By class:

  • Class A+: 15,418,232 SF / 20.22% of total office
  • Class A: 29,535,912 SF / 38.74% of total office
  • Class B: 21,155,521 SF / 27.75% of total office
  • Class C: 1,596,353 SF / 2.09% of total office

Industrial

Total: 37,952,838 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 1,711,296 SF / 4.51% of total industrial
  • 100k to 500k SF: 27,991,020 SF / 73.75% of total industrial
  • 500k to 1M SF: 5,434,578 SF / 14.32% of total industrial
  • > 1M SF: 2,815,944 SF / 7.42% of total industrial

By class:

  • Class A: 6,262,107 SF / 16.5% of total industrial
  • Class B: 14,879,389 SF / 39.2% of total industrial
  • Class C: 15,201,885 SF / 40.05% of total industrial

Employment in Philadelphia, PA

Employment

Of the over 3 million people who work in the Philadelphia region, nearly half are employed in knowledge-based professions. The city has long been known for its “eds and meds", owing to the large number of jobs in education and medicine, but it has diversified even further in recent years.

  • Government The city, state, and federal government, as well as the Southeastern Philadelphia Transport Authority (SEPTA), are all among Philadelphia’s top 10 biggest employers;
  • Education Education is another major employer in the region, with the School District of Philadelphia, Temple University, Drexel University, the University of Pennsylvania and Thomas Jefferson University leading the charts;
  • Manufacturing Those seeking employment in the manufacturing sector will have plenty to choose from, including giants like Lockheed Martin and Boeing;
  • Medicine Philadelphia is a hub of both healthcare and medical research, where the Children’s Hospital of Philadelphia, Main Line Health, Independence Blue Cross, and the Albert Einstein Medical Center are all top employers, with several other hospitals and research facilities among the top 20;
  • Energy Roughly 10% of all jobs in Philadelphia come from the energy sector, including oil refining and petrochemicals, with companies like Sunoco, DuPont, and others leading the way;
  • Insurance Several of the country’s biggest insurance companies call Philadelphia home. Here you’ll find the headquarters of Lincoln Financial and Cigna, with Vanguard being another top employer.

Of course, tourism is yet another major industry in Philadelphia, which receives roughly 40 million visitors per year and injects over $10 billion into the local economy.

Education in Philadelphia, PA

Philadelphia is served by the School District of Philadelphia, the eighth-largest in the country. The city also has a strong dedication to higher learning and is home to the Ivy League institution, the University of Pennsylvania, along with Temple University, Drexel University, St. Joseph’s University, and La Salle University. There are over 120,000 college and university students in Philadelphia alone and 300,000 in the metro area.

Commuting Time in Philadelphia, PA

At more than 31 minutes, Philadelphia has the second-longest commute time in the U.S. Less than 60% of residents drive or carpool to work, while nearly 27% rely on mass transit, 9% walk, and 2.3% commute by bicycle.

Philadelphia Demographics

Population

  • Total Population1,569,657
  • Male Population(47.3 %) 742,412
  • Female Population(52.7 %) 827,245
  • Median Age34.10

Income/Financial

  • Average Household Income$60,517
  • Median Household Income$40,649
  • Median Income Under 25$20,445
  • Median Income 25-44$47,790
  • Median Income 45-64$43,470
  • Median Income Over 65$29,206

Residential Rents in Philadelphia, PA

When choosing the best place for a business, location research is very important – not only for the office, but also for the employees’ convenience.

The rental market in Philadelphia is slightly more expensive than nearby Pittsburgh, featuring average one-bedroom prices around $1,295, with average rents increasing to $1,572 for a two-bedroom in the city.

News

If you live and work in the U.S., you likely have some form of commute to work. Whether you take the train or go by car, bus or subway – or all of the above – commuting takes up a large amount of your personal time that can often lead to frustration. Spending hours in …

The calendar is starting to stack up with a range of exciting Commercial Real Estate (CRE) events to attend in the second half of 2019. Here is an extensive list of the upcoming shows, expos, and CRE events. New England Conference & Deal Making July 16 – 17, 2019, Boston, Massachusetts, U.S. Thi...

There are many variables to consider when looking for commercial assets. You may be looking to lease space for your company or to purchase a building outright as an investment. Every market across the country has its own pros and cons, but historically the central business district is where the ...

COMMERCIALCafé is your first and only stop when it comes to commercial real estate leasings in Philadelphia, PA. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 2040 square feet and 600000 square feet. Discover the right property from our 467 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.