Philly Office Space

Philly Office SpaceWolf Commercial Real Estate (WCRE), a full-service Philadelphia commercial real estate brokerage firm, specializes in representing Philly office space for buyers, tenants, investors and sellers throughout the Greater Philadelphia region.

Strategically located between New York City and Washington, D.C., and easily accessible via a major international airport, Amtrak’s north-south corridor and several major highways, Philadelphia office space offers global, national and regional companies a highly desirable location in which to conduct business.

As experts in Philadelphia commercial real estate services, the team at our Philly commercial real estate brokerage firm provides ongoing detailed information about Philadelphia office properties to our clients and prospects to help them achieve their real estate goals. At Wolf Commercial Real Estate, our Philadelphia commercial real estate services encompass the highest quality of service and proven expertise.

Philly Office Space Property Owner Representation

WCRE, a leading Philadelphia commercial real estate broker, helps owners of Philly office space for sale or lease put tenants or buyers in their properties through a defined marketing process that is tailored to each property and sub-market. Our proven marketing strategy is implemented by commercial real estate professionals who are experts in the Greater Philadelphia-area office markets, providing the unparalleled levels of Philadelphia Property Owner Representation. As a premier Philadelphia commercial real estate brokerage firm, we treat your Philadelphia office properties as if they were our own and work closely with you as part of our total commitment to client-focused relationships.

Philly Office Space Tenant Representation

For companies and individuals seeking to lease or acquire new Philly office space, Wolf Commercial Real Estate will identify the office space that best suits your needs, whether in the Greater Philadelphia area or anywhere in the country. Through our Philadelphia Tenant Representation services, we ensure that the sale or lease terms of the Philadelphia office space or any other new property are tailored to meet your goals. As a full-service Philly commercial real estate broker, we assist in the relocation analysis process from start to finish, facilitating a smooth transition into your new Philly office space and serving as your strategic partner invested in your long-term growth and success.

For more information about Philadelphia office space for sale or lease or about commercial properties for sale or lease elsewhere in the United States, please contact Jason Wolf (215-799-6900-office; 215-588-8800-cell; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, the premier Philly commercial real estate brokerage firm.

About Us

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, tenants, investors and sellers in the Greater Philadelphia area and beyond. Please visit our websites for information about our Philadelphia commercial real estate services for office space, retail space, medical space, investments, industrial space or land for sale or lease, or for information about other commercial real estate listings and commercial real estate services from Wolf Commercial Real Estate, the leading Philly commercial real estate broker.

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Duane Morris Trims Office Space By Nearly 20%

Duane Morris Trims Office Space By Nearly 20%

Duane Morris has renewed its long-term lease at Duane Morris Plaza, downsizing by 45,000 SF as part of a broader trend of law firms reducing office space. The Philadelphia-based firm will shrink its footprint at the Center City tower from 241,022 SF to 195,757 SF, a 19% reduction, consolidating from seven and a half floors to six.

This follows a 2022 space reduction, bringing the firm’s total cutback to 25% from its original lease. The renewal includes 183,000 SF of office space and the 12,000 SF Morris’ Café. Building owner Oaktree Capital Management is upgrading the lobby and systems, while Duane Morris plans a full renovation of its space, set to begin in the fall and take 18 months. The firm’s previous lease was set to expire in March 2026.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Elon Musk’s DOGE Cancels 20 Philly Office Leases

Elon Musk's DOGE Cancels 20 Philly Office Leases

Elon Musk’s Department of Government Efficiency (DOGE) is scaling back the federal real estate footprint, putting office space in Greater Philadelphia on the chopping block. According to a list posted on the DOGE website Monday, nearly 20 government leases in the region have been canceled, totaling approximately 183,000 square feet and over $4.93 million in annual value. Affected properties span Philadelphia, Montgomery County, South Jersey, and northern Delaware. The largest terminations in Philadelphia include a 44,765 SF lease for the Securities and Exchange Commission at One Penn Center (1617 JFK Blvd.) and a 43,000 SF lease for the Department of Education in the historic Wanamaker Building (100 E. Penn Square).

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

First Class Office For Sublease In Philadelphia

1700 MARKET STREET, PHILADELPHIA, PA

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1700 Market Street, Philadelphia, Pennsylvania 19103.  The Philadelphia property is available for sublease.

The property contains +/- 6,044 square feet, which could be utilized by retail and office users.

Features of 1700 Market Street

The sublease at 1700 Market Street, Philadelphia, Pennsylvania, is available through January 31, 2029 on the southeast corner of the 31st floor. This beautifully designed, high-tech workspace features a well-appointed reception area, a large 10-seat conference room, two private phone rooms, and a spacious open kitchen with an island. Additionally, the space is outfitted with 47 workstations and boasts spectacular city views.

1700 Market Street offers top-tier amenities, including 24-hour access, a fitness center with shower facilities, bicycle storage, a roof terrace, daycare services, on-site dining options, and banking services. Conveniently located just two blocks from Rittenhouse Square, three blocks from City Hall, and steps from Suburban Station, this location provides easy access to public transportation, parking garages, and countless restaurants and retailers.

For more information about the lease price or a tour of the office site, please contact Todd Monahan, Managing Director & Executive Vice President, at (215) 799 6145 or via email todd.monahan@wolfcre.com and Joe Fox, Vice President, at (215) 799 6900 or via email joseph.fox@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

Prominent Retail/Office Lease Opportunity

1717 South Broad Street, Philadelphia, Pennsylvania 19148

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1717 South Broad Street, Philadelphia, Pennsylvania 19148.  The Philadelphia property is available for lease.

The property contains +/- 1,580 square feet, which could be utilized by retail and office users.

Features of 1717 South Broad Street

1717 South Broad Street is ideal for a cafe, deli, professional services, boutique, or medical use. The property is immediately available for lease and features rare off-street parking in the rear. It benefits from prominent visibility and signage along Broad Street. The location is conveniently close to the CHOP Primary Care Facility, the Broad Street Subway, Passyunk Avenue, and the adjacent USPS, ensuring easy access and high foot traffic.

For more information about the lease price or a tour of the retail site, please contact Eric Flocco, Executive Vice President, at (609) 790 6940 or via email eric.flocco@wolfcre.com and Corey Hassman, Senior Advisor, at (856) 261 5812 or via email corey.hassman@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

Feds Plan to Sell U.S. Custom House, 2 Other Philly Offices

Feds Plan to Sell U.S. Custom House, 2 Other Philly Offices

Amid the Trump administration’s effort to cut federal spending, the General Services Administration (GSA) has listed three large Philadelphia office buildings for sale as “non-core properties for disposal.” The properties include the Mid-Atlantic Social Security Center at 300 Spring Garden St. (534,016 SF), U.S. Custom House at 200 Chestnut St. (436,608 SF), and Veterans Administration Center at 5000 Wissahickon Ave. (418,153 SF), totaling 1.4 million square feet. The GSA deems these properties “not core to government operations” and eligible for disposal.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Capital Market Challenges Delay Philly’s Office Recovery

Capital Market Challenges Delay Philly’s Office Recovery

Philadelphia’s office market showed signs of stabilization in early 2025, with positive annual net absorption for the first time in five years. However, challenges remain as companies continue to downsize, rents stay under pressure, and high interest rates suppress asset valuations. Here’s an update on what local industry players are saying about the market. Several brokers reported lease deals falling through because lenders refused to accept lower rents due to mortgage clauses. Strict loan conditions are complicating the recovery, preventing landlords and tenants from finalizing agreements.

The first office buildings are seeing rent resets after being sold at steep discounts. For example, a 1980s-era property in Center City traded at a 60% discount from its 2018 sale price, with rents dropping from the low $30s per square foot to the mid-$20s. These adjustments are expected to continue as more distressed buildings change hands. While distressed office sales have dropped between 20% and 60%, owners of well-occupied, premium assets are holding out for better financing terms to maximize value. With most sales involving distressed properties, the current comps don’t fully reflect the market’s future potential.

*Article courtesy of Costar

For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Tax Panel Proposes 20-Year Break for Office Conversions

Tax Panel Proposes 20-Year Break for Office Conversions

Philadelphia’s Tax Reform Commission proposes a temporary 20-year tax abatement to encourage converting distressed office buildings for new uses. The recommendation, doubling the current 10-year abatement, is part of a 29-page report analyzing the city’s tax structure.

The report also calls for a $15 minimum wage, phasing out the Business Income and Receipts Tax (BIRT), and offering grants or low-interest loans to upgrade office buildings staying in use.

With remote work leaving Center City offices like the Wanamaker largely empty, some buildings — like 1701 Market and 400 Market — are already converting to residential. The commission believes more conversions are needed to revitalize the market.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Pashman Stein Debuts Philly Office

Pashman Stein Debuts Philly Office

Pashman Stein Walder Hayden is expanding into Philadelphia, hiring cannabis industry practice leader Seth Goldberg from Duane Morris to lead the new office. The Hackensack-based firm will occupy 2,500 square feet on the 31st floor of One Commerce Square at 2005 Market St. starting March 1. The short-term lease includes four offices and a conference room, with options for future expansion.

Goldberg will be the firm’s sole Philadelphia attorney, spearheading recruitment and growth efforts. Chair and Managing Partner Michael Stein anticipates outgrowing the space by year’s end, with potential lateral hires and interest from Wilmington-based lawyers seeking to work in Center City.

Stein, who worked alongside Goldberg on a litigation matter for Virtua Health, praised his professional and personal qualities. He noted that the firm’s long-standing interest in the Philadelphia market stems from having to decline work without a local presence.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Lubert-Adler & Keystone Update Plans for Bourse

Lubert-Adler & Keystone Update Plans for Bourse

Local developers Lubert-Adler Real Estate Funds and Keystone are overhauling the Bourse and 400 Market St., with both projects set for completion in just over a year. The 10-story, 302,600-square-foot Bourse building will feature a 152-room Hilton Tapestry Collection hotel on the third, fourth, and eighth floors. Scheduled to open in early 2026, the hotel aims to welcome tourists flocking to Philadelphia that summer. Plans also include a 7,500+ square-foot restaurant on the ground floor, replacing the previously proposed wedding and event space.

Meanwhile, the 12-story, 173,700-square-foot 400 Market St. building is being converted into 176 apartments, with amenities and lounge space on the first floor, about 30 underground parking spots, and a new rooftop deck. The apartments are expected to be completed by spring 2026.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Fresh Name Rises on the Philadelphia Skyline

Fresh Name Rises on the Philadelphia Skyline

Chubb has officially made its mark on Philadelphia’s skyline. Over the weekend, the insurance giant’s name was installed atop its future headquarters at 2000 Arch St. in Center City. The 18-story, 438,000-square-foot office building, developed by Parkway Corp. on a former surface parking lot, is set for completion in the second quarter of 2026.

The $430 million build-to-suit project will house 3,200 employees, including 1,250 new jobs for Philadelphia. Designed to meet LEED Platinum standards for sustainability, the building is being constructed by Turner Construction, with Iron Workers Union Local 401 playing a key role in the project. Chubb joins other major companies with prominent signage on the city’s skyline, including Jefferson at 1101 Market St., WSFS at 1818 Market, Aramark at 2400 Market St., and FMC at Cira Centre South, overlooking the Schuylkill River.

Upon completion, the Chubb building will stand as the largest office project under development in the Philadelphia region.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.