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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Hangley Aronchick Cut Center City Office Space

Hangley Aronchick Segal Pudlin & Schiller is relocating

Hangley Aronchick Segal Pudlin & Schiller is relocating from One Logan Square to a smaller footprint at 1735 Market Street, reducing its space by 46%.

The firm has signed a 12-year lease for 22,230 square feet on the 26th floor of the building, also known as BNY Mellon Center, which is co-owned by Silverstein Properties and Arden Group. In addition, Hogan Lovells, a major law firm with roots in Miami, has renewed its commitment to the property with a lease extension exceeding 10 years, maintaining its 34,752 square feet across the 22nd and 23rd floors.

*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.

Parkview Tower Faces Foreclosure in King of Prussia

KOP's Parkview Tower in Foreclosure

Parkview Tower, a 10-story, 221,000-square-foot office building in King of Prussia, is slated for a sheriff’s sale on July 30, according to a notice from the Montgomery County Sheriff’s Office. The auction will be held via the online platform Bid4Assets.

The property, owned by West Conshohocken-based real estate firm Keystone, is tied to a commercial mortgage-backed securities (CMBS) loan with more than $27 million in outstanding debt, according to a May 10 loan servicer report. The loan matured nearly two years ago, and the building has been in receivership since October 2023.

*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.

Chubb Puts Old City Property on the Market

Chubb Listing Old City Office For Sale

Chubb has listed its 330,000-square-foot office building at 436 Walnut St. in Old City as it prepares to relocate to its new headquarters next year.

Located at the southeast corner of 5th and Walnut streets, just a block from Independence Hall, the 12-story property is zoned CMX-4, allowing for a mix of residential and commercial uses. The 101-year-old building, last renovated in 2005, is being marketed as a potential redevelopment opportunity for office, residential, or hotel use.

The sale comes as Chubb plans to consolidate operations into its forthcoming 438,000-square-foot tower at 2000 Arch St., a $430 million project being developed by Parkway Corp. in the Market West district.

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.

Kirkland & Ellis Expands in Philly with Major Office Lease

Kirkland&Ellis Lease Expansion

Kirkland & Ellis has leased 29,000 square feet at 2005 Market St., taking the entire 10th floor of One Commerce Square in Center City. The move suggests the world’s highest-grossing law firm is laying the groundwork for significant growth in Philadelphia after entering the market earlier this year.

Despite currently listing only four Philadelphia-based attorneys on its website, the firm’s sizable lease signals a long-term commitment and likely expansion plans in the 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.

TF Cornerstone Acquires Wanamaker Building

TF Cornerstone acquires Wanamaker Building and plans to redevelop

After years of uncertainty surrounding the future of the iconic Wanamaker building, TF Cornerstone has officially taken full ownership following a foreclosure auction held Tuesday.

The New York-based developer announced plans to convert a significant portion of the building’s office space into residential units as part of a major repositioning effort.

With the acquisition, TF Cornerstone now controls the entire 1.4 million-square-foot property located at 1300 Market Street, directly across from Philadelphia’s City Hall. The firm previously purchased the building’s lower three retail floors — once home to Macy’s — for $40 million in 2019. The department store closed its doors earlier this spring, clearing the way for redevelopment.

*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.

Power Home Remodeling Signs Major Lease

Power Home Remodeling Signs Large Lease

While many companies are downsizing, Power Home Remodeling is doubling down on in-person culture. The company has signed a 12-year, 250,000-square-foot lease at the Wharf at Rivertown in Chester — marking one of the largest office deals in the Philadelphia region since the pandemic’s shift to remote work.

The lease expands Power’s footprint by 65,000 square feet and includes Turbine Hall, a historic space that will be transformed into a venue for training, conferences, and company events. The redevelopment will take two years and involve a multi-million-dollar investment, with Philadelphia-based Tantillo Architecture leading the design

*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.

Collegeville Office Buildings Sold at 81% Discount

Collegeville office buildings sell for less

Two largely vacant office buildings in Collegeville have changed hands for $6.2 million — representing a staggering 81% drop in value from their last sale in 2018.

Located at 200 and 400 Campus Drive, the buildings span a combined 183,363 square feet and were just 15% occupied at the time of sale. The significant vacancy rate, along with the nature of the foreclosure transaction, contributed to the dramatic price reduction.

Provident Bank, the previous owner, sold the properties to Audubon-based Globus Medical, a leading musculoskeletal solutions company. The buyer plans to occupy the buildings, giving new life to the campus and signaling a potential shift in the local office landscape.

This sale highlights the ongoing challenges in the office sector, while also illustrating how end-users are finding opportunities amid shifting market dynamics and reduced valuations.

*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.

Declining Office Property Prices Create Opportunities for Buyers and Developers

Office Property Sales Climb in Philadelphia as Lower Prices Attract Buyers

Philadelphia has seen a steady rise in office building sales, as more buyers reenter the market in search of good value. In the first quarter of 2025, 245 office properties changed hands — a nearly 25% increase compared to the same period in 2024.

Since January 2024, about 6.2% of the city’s 17,650 office properties have been sold, slightly outpacing transaction activity in the region’s retail (5.5%) and industrial (5.6%) sectors.

The primary driver behind this uptick is declining pricing. Despite ongoing challenges in the office market, many buyers are seizing the opportunity to acquire properties at more affordable rates.

Office values in the city have dropped significantly since their 2021 peak of nearly $200 per square foot. By mid-2025, the average had dipped to just under $154 per square foot — a 23% decline. Current pricing reflects levels not seen in over a decade, making the market especially appealing to investors and users alike.

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.

Prominent Office/Gallery Space For Lease

325 South 22nd Street Philadelphia, PA 19106

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey, has been appointed the exclusive listing agent for 325 South 22nd Street, Philadelphia, Pennsylvania. The Philadelphia property is available for lease.

The property contains +/- 1,500 square feet with a big room being 975 square feet, conference room being 110 square feet, and a smaller office containing 251 square feet, that could be utilized by a yoga studio, private office, or art gallery users.

Features of 325 South 22nd Street

325 South 22nd Street, located in Philadelphia, PA, is a newly renovated property is ideal for a yoga studio, private office, or art gallery. 325 South 22nd Street is a street-level and pet-friendly property with close proximity to Schuylkill River Park & Rittenhouse Square.

For more information about the sale price or a tour of the land site, please contact Todd Monahan, Executive Vice President & Mananging Director, at (215) 799 6145, or via email tood.monahan@wolfcre.com and Joe Fox, Senior Advisor, 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.

Wanamaker Building Auction Date Set

Wanamaker Building Auction Date Set

The historic Wanamaker Building in Center City is slated for a foreclosure auction on June 3, with New York-based developer TF Cornerstone holding a $120 million head start. The firm, which acquired the majority of the building’s debt earlier this year, was granted a credit bid of $120 million – the amount owed by current owner Rubenstein Partners –  under a February ruling by the Philadelphia Court of Common Pleas.

A May decision finalized the building’s path to a sheriff’s sale. The auction will be held on Bid4Assets, the online platform used by the Philadelphia Sheriff’s Office. No minimum bid has been set, but participants must submit a $5,035 deposit by May 27 to qualify.

With the credit bid in place, TF Cornerstone is the clear frontrunner for acquiring the property. Any competing bidder would need to offer more than $120 million to win.

TF Cornerstone plans to convert the iconic property from office to residential use if it takes ownership. The firm has not disclosed how much it paid for the debt when it acquired it last summer.

*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.