Find Your New Office in 3 Easy Steps:

1. Tell us what you're looking for below
2. A local licensed professional will show you options that meet your needs
3. Your local pro will help you negotiate the best deal -- all at NO COST to you!

What Kind of Office Space Do You Need?
Start here to get help finding Philadelphia Office Space

* required Privacy Policy
What we can help you with...

If you are looking for office space in or around Philadelphia, we can make it a lot easier and ensure you get a great deal on your space with our top local Philadelphia office space professionals.

There are lots of options available and it is very time consuming to try to find just the right one on your own. Our reps know the market and will do a thorough search for you. In fact, their services are FREE and includes a comprehensive personalized search of options based upon your requirements using their proprietary databases to find the best space at the best price.

About the Philadelphia Office Market

The Metro Philadelphia office space market contains over 145 million square feet of office space including the nearby southern New Jersey, Northern Delaware and Lehigh Valley submarkets. Philadelphia proper has only about a third of that space. The office market is spread over a very wide geographic area with lots of options available for tenants looking for office space.

Some of the more popular Philadelphia office space markets include:

Center City Office Market

This market is divided between Market East and Market West with the division being separated by Broad Street. Market East is characterized by older Class B and Class C office buildings. The primary tenant's in Market East being government service agencies, non-profits and city based organizations. Market West is characterized by newer Class A trophy buildings that attract financial and legal tenants and the like.

Navy Yard Office Market

A redeveloped decommissioned Navy Yard that is part of South Philadelphia, but a market in its own. The area is considered a Keystone Opportunity Zone offering tax incentives to companies who locate there. The Navy Yard has a mix of Class A, B, and C medical and office space as well as some industrial, the latter which lends itself to conversion to residential at a later date. The U.S. headquarters for Urban Outfitters and Glaxosmithkline are located here.

Old City Office Market

Located at the far east of the City from the Delaware River heading west to Market East, this area is the historical center of the city which includes Independence Hall and the Liberty Bell. There are some small Class A and B office buildings, with a few larger ones along Market Street.

Rittenhouse Square Office Market

Located on the west side of Market West, this area is primarily high end residential and retail with very limited office space available in this market.

South Philadelphia Office Market

As the name would imply, this is the Southern part of the city. It is characterized by 2-3 story row homes and mixed-use corner retail with very few professional office buildings. Any office space that does exist is usually converted residential or retail. This area is also home to all of Philadelphia's professional sports stadiums.

University City Office Market

Located west of Market West across the Schuylkill River, an area where the University of Pennsylvania and Drexel University call home. The area is primarily owned and controlled by the Universities and includes Class A R&D buildings as well as Hospitals and related healthcare properties. This area is also home to 30th Street Station. There are some tax incentive opportunity zones located in this market.

Many businesses in the Philadelphia area are embracing the new generation of office workers by implementing "Agile" office space strategies. This new generation of workers are driving change in corporate workplace strategy. In order recruit the best and the brightest of these digital natives, corporate workplace strategy is evolving to be more mobile and collaborative and less "corporate" in feel and structure. The result is that office footprints in Philadelphia are shrinking while still accommodating the same or more workers. Philadelphia is a leader in this trend. It would be worthwhile for you to consider this option for your business. Our office space pros are well versed in helping in this evolution.

if you are looking for office space in Philadelphia or the surrounding markets, contact us. The form at the top of the page will provide us the information we need to appoint the best qualified Philadelphia office tenant rep to serve your needs. There is no cost for the service and no obligation for completing the form. You have nothing to lose to give us a try!

Find Philadelphia Office Space for Lease or Rent

Huntingdon Valley Office Center

Affordable Professional Office Space in Huntingdon Valley
JFK City Center

A Great Philadelphia Office Location For You - Everything You Need!
Market Street Philadelphia

Philadelphia Office Space for Rent on Market Street
Bala Cynwyd Center

Bala Cynwyd Office Space for Rent in Philadelphia
Chestnut Street

Chestnut Street Philadelphia office space available now - zip 19106
CIRA Center

CIRA Center Philadelphia office space available now - zip 19104
International Plaza

International Plaza Philadelphia office space available - zip 19113
Market St.

Professional Market St. Office Space in Philadelphia
Market Street

Market Street Philadelphia office space available now - zip 19102
Northern Liberties

Comfortable Northern Liberties Office Space in Philadelphia
One Liberty Place

One Liberty Place Philadelphia office space available now - zip 19103
Plymouth Meeting Center

Office Space for Rent in Plymouth Meeting - Convenient Location!
Radnor Financial Center

Ideal Office Space for Rent in Radnor Financial Center
Two Logan

Two Logan Philadelphia office space available now - zip 19103
Valleybrooke Corporate Center

Great Valley / Malvern Office Space for Rent at Valleybrook
Walnut St.

Gorgeous Walnut St. Office Space in Philadelphia

What to Expect When Looking for Philadelphia Office Space for Lease

If you're in or are thinking of moving your business to the Philadelphia area, one of the first things you'll want to know is what the market is like for office space. There are several options available, and we'll go over some of the most popular or notable so you can get some ideas of submarkets that are worth checking out. First, an overview of the city and its environs:

Philadelphia has almost 1.5 million residents, giving you access to plenty of labor. It is also home to the Philadelphia Stock Exchange, making it an important economic hub for the United States. The city is home to some of the country's most famous museums, and offers plenty of cultural activities. Sports are also big here, and the city has a major league team for each of the four most popular American games.

Despite these factors, the average income of those who live in the city is just $35,000, which is substantially below the state average. This is because those with more money usually live in the suburbs and commute in for work. The influx of money from the suburbs allows for good maintenance of city-based attractions like the museums and stadiums.

Notably, Philadelphia is home to multiple colleges that draw large amounts of international students. These students often look for work in the area after graduating, so when you move here, you have access to many freshly-educated people for your operations. This helps your company stay ahead in competitive markets. It also ensures that Philadelphia will become more and more diverse as time goes on. Retailers are always helped by the presence of plenty of college students too, so this is a great place to look for commercial retail space as well as office locations.

Both new development and improvement of older areas are currently in progress. This is rejuvenating the area and providing new opportunities for leasing. New projects are more likely to be low and spread out, while the older sections of town have plenty of skyscraper space waiting for you.

Overall, Philadelphia is a great place to open an office or other business location. It offers plenty of available workers, customers, and activities for you and your staff to enjoy during the off-hours. To help you get started in your search for office space, we offer this information about the leasing market here:

Overview of the Philadelphia Office Leasing Market

Overall, leasing is on the rise and availability is decreasing. Despite this, costs are also decreasing in many areas. The exception is the Center City market, which has seen a slight uptick in prices.

In the suburbs, leasing is trending downwards thanks to flight-to-quality moves continuing to take place. Trends in who is renting there are also changing, with small to mid-cap businesses picking up plenty of offices. These offices tend to be less than 50,000 square feet.

Despite the overall trends, leasing ended 2017 on strong terms. A Savills Studley report says that the fourth quarter saw an 11 percent increase in leasing when compared to the lackluster third, which is a strong rebound.

Areas of Interest

The Central Business District (CBD) - Here, leasing had an excellent rebound from the third quarter, ending the year with a massive 195 percent increase. This is the highest it's been since 2013, showing that plenty of people think the quality of space in Philadelphia is perfect for their needs.

University City - Here, notable renovations are in progress and they've already attracted some premium tenants. Spark Therapeutics, a maker of a treatment for a rare eye disease, has leased almost 108,000 square feet in One Drexel Plaza. This building is part of a $3.5 billion project.

Suburban Areas - Leasing here is dropping as people move into the CBD in response to lower rates there combined with higher quality buildings and better addresses. Even so, they retain companies like Siemens Medical Solutions, which renewed its lease on over 180,000 square feet in Malvern.

Recently-Completed and Soon-to-Come Projects

Several build-to-suit projects came online in 2017 or are scheduled to open in 2018, and some of these have contributed space to the leasing market. Comcast's new 300,000 square foot offices are the largest of these. Projects for Subaru and Bank of America are also in the works for this year.

Current Philadelphia Office Lease Rates

According to CBRE, current leasing rates for the Philadelphia CBD and suburbs are running at $27.28. In contrast to Savills Studley's assessment, CBRE says these rates are the highest on record. This shows that there is likely a large spread in possible rates, and the discovered "average" depends on which leasing companies are part of any given survey. There is also enough of a discrepancy to cause large companies like The Hartford to move into the CBD from the suburbs.

CBRE reports that landlords are being more generous in tenant concession packages at this time. This is to allow them to keep rates the same and still attract new lessees.

Predicted Trends for 2018

It is predicted that there will be strong advances in both supply and demand for Philadelphia and the surrounding areas. Plenty of new space will open up this year, and more projects are expected to break ground. Would-be tenants who need large blocks of space are driving more and more build-to-suit projects, especially on the Camden waterfront. An ambitious project, Schuylkill Yards, is almost ready to get underway there.

Signals concerning the adequacy of supply are mixed, with a bit of a risk of oversupply creeping in as the new space becomes available. With that said, previous new projects have had good occupancy rates and the fundamentals look strong. CBRE suspects that the area will need more local companies to expand not to fill new space, but to keep older properties sufficiently occupied. This could lead to good prices for tenants in these existing office buildings.

The easiest way to find the best office space for your company and its budget is to work with an expert in leasing. Contact us to get the space you're looking for at fair prices and without the ususal hassles.

Useful Statistics for businesses looking for office space in Philadelphia
  Philadelphia PA State
2016 Estimated Population 1,559,938 12,783,977
Median Age 33.9 40.6
Housing Units 671,125 5,592,175
Occupied 582,594 4,961,929
Owned 305,214 3,425,706
Rented 277,380 1,536,223
Average Household Size 2.59 2.49
Rental Vacancy Rate 7.3% 5.8%
Homeowner Vacancy Rate 2.5% 1.7%
Median Home Value $147,300 $167,700
Median Monthly Rental Cost $943 $859
Estimated Mean Income $68,750 $90,446
Median Household Income $39,770 $54,895
Percent of Individuals below poverty level 25.9% 13.3%
Educational Attainment: Percent high school graduate or higher 82.6% 89.5%
Educational Attainment: Percent high school graduate 33.5% 36%
Educational Attainment: Percent with some College 17.2% 16.2%
Educational Attainment: Percent bachelor degree or higher 26.3% 29.3%
Average Commute time in minutes 32.7 26.5
Commute 639,442 5,922,289
Commute by car, truck or other vehicle - Drive Alone 324,920 4,529,634
Commute by car, truck or other vehicle - Carpool 54,792 505,994
Use Public Transportation 164,403 329,912
Work from Home 21,290 247,777
Tenant Rep Search
for Philadelphia


view all

Executive Suites Search
for Philadelphia


view all

About their OfficeFinder Experience

"Our OfficeFinder rep did an fantastic job she was extremely knowledgeable in her field and was a tremendous asset in finding a great space. I don't know if we could have done it without her."

"Our OfficeFinder rep was an excellent agent for us. He truly understood our needs and worked on our behalf. As a small organization with little experience in this area it was critical that we had an agent we could trust and rely upon. He was perfect for us. I would highly recommend him to anyone."