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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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.

Things are Looking Up for 123 S. Broad Street

Things are Looking Up for 123 S. Broad Street

While many Center City office buildings grapple with financial uncertainty and declining occupancy, 123 S. Broad St. is moving in a different direction. The 30-story, 725,000-square-foot tower is seeing renewed investment from its ownership group and a steady influx of new tenants, with a goal of reaching 90% occupancy by year’s end.

The building’s ownership –  SSH Real Estate, Young Capital, and Quilvest Capital Partners – recently secured a long-term extension on their $80 million loan from New York-based PCCP LLC, originally issued in 2021 to refinance the property. While terms were not disclosed, SSH described the extension as part of a broader strategy to preserve and enhance the building’s role as a dedicated office property, a notable commitment in a market increasingly shifting toward residential conversion.

Significant capital improvements have helped attract and retain tenants. Recent upgrades include a rooftop deck, tenant lounges, a conference center, a ballroom, a fitness center, and bike storage. SSH, which maintains its headquarters in the building, also hired Kimberly Unger as Manager of Tenant Experience, introducing hospitality-style programming such as trivia nights, blood drives, and ice cream socials.

*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.

Office Park Sells for Less than Previous Sale Price

Office Park Sells for Less than Previous Sale Price

A New York real estate firm has purchased the five-building Lindenwood Corporate Center in Malvern for $23.1 million, according to property records – a 42% drop from its last sale in 2021. The 280,025-square-foot campus on Lindenwood Drive was acquired by an entity tied to Time Equities Inc. from Utah-based Bridge Investment Group.

The deal breaks down to just over $82 per square foot. Bridge Investment Group bought the property for $39.6 million in 2021, or about $141 per square foot, underscoring a sharp decline in office property values.

Time Equities continues to expand its regional footprint, with other holdings including the 96,000-square-foot office building at 51 Haddonfield Road in Cherry Hill, three buildings totaling 221,100 square feet at Glenview Corporate Center in Bensalem, and the 45,510-square-foot Northbrook Corporate Center in Trevose.

*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.

New Apartments Coming to Center City

New Apartments Coming to Center City
Over 1,100 apartments are being developed in Center City through office-to-residential conversions. These projects address two of Philadelphia’s most urgent challenges: a high office vacancy rate and a constrained housing supply.
By repurposing underutilized office space, these conversions are helping to stabilize the vacancy rate below 20% while adding much-needed housing inventory. The trend reflects a broader shift in the market, as companies gravitate toward high-quality office space, leaving older Class B and C buildings behind.
The rise in conversions also aligns with Center City’s growing residential population. According to data, the population from Vine to Pine Streets and between the Delaware and Schuylkill Rivers increased each year.
With daily foot traffic now reaching 90% of pre-pandemic levels, this residential growth is helping to offset the decline in traditional office occupancy, reinforcing Center City’s resilience and long-term vitality.

*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.

One South Broad Listed for Sale Ahead of Loan Deadline

One South Broad Listed for Sale Ahead of Loan Deadline

The half-vacant One South Broad office tower in Center City is up for sale as its owner, Aion Partners, nears the end of an extended mortgage forbearance.

The 25-story, 463,988-square-foot property—home to Insomnia Cookies’ headquarters—is being marketed by Newmark as a lease-up or residential conversion opportunity. Aion secured a two-year CMBS loan extension in 2023 to avoid receivership, but a recent servicer note indicates the forbearance ends June 1, ahead of the loan’s maturity in September 2025.

A sale of the 93-year-old building could offer a path forward.

*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.

2000 Market Street Office Tower Hits the Market

2000 Market Street Office Tower Hits the Market

The 29-story, 668,335-square-foot office tower at 2000 Market St. is officially for sale — a move that could serve as a bellwether for post-pandemic office valuations in Philadelphia’s central business district. New York-based owner Nahla Capital has listed the property, which is currently 68% leased. According to CBRE listing agent Jerry Kranzel, early interest suggests that buyers believe the building can remain viable as an office asset in the heart of Center City.

Nahla Capital acquired the tower in 2018 for $126.4 million. Occupancy had hovered around 90% in recent years but dropped significantly after law firm Fox Rothschild vacated 133,537 square feet last fall, relocating across the street to Two Commerce Square at 2001 Market St. While Kranzel declined to disclose a target sale price, he acknowledged the property is expected to sell at a “significant discount” compared to its 2018 valuation.

The building’s largest tenant is law firm Marshall Dennehey, which renewed its lease in January while reducing its footprint by 10%, and now occupies 120,462 square feet. The second-largest tenant is the Board of Pensions of the Presbyterian Church, leasing 77,000 square feet.

*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.