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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Philadelphia Lags Behind Major Markets

Philadelphia Lags Behind Major Markets

Philadelphia continues to trail most major U.S. markets in the absorption of large-block office space, with availability declining by only 1.6% from its peak. This modest reduction — representing spaces of 100,000 square feet or more in Class A buildings — underscores the region’s sluggish leasing activity compared to other thriving cities.

Among major metros, only Denver posted a smaller decline at 1.3%, while high-performing markets recorded sharp improvements. San Jose leads the nation with a 35.5% decrease in big-block availability, followed by Atlanta (18%), Austin (15.5%), and Los Angeles (13.8%). Even East Coast peers outpaced Philadelphia: New York and Chicago each saw 12.8% reductions, and Boston improved by 7.1%.

The disparity highlights Philadelphia’s ongoing challenge to attract large corporate tenants driving growth elsewhere. Markets like Austin and Atlanta have benefited from corporate relocations, tech-sector expansions, and major consolidations. Austin’s success, for example, reflects moves by Oracle and Tesla, while Atlanta’s strong performance is tied to major leases by Microsoft, Google, and Visa, each occupying hundreds of thousands of square feet.

*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.

Brandywine Realty Expands Ownership Amid Growing Office Demand

Brandywine Realty Expands Ownership Amid Growing Office Demand

Office tour activity is gaining momentum in Philadelphia as tenants seek larger, higher-quality spaces. Reflecting renewed confidence in the market, Brandywine Realty Trust has acquired its joint venture partner’s stake in the mixed-use tower at 3025 John F. Kennedy Blvd., investing $70.5 million to become the sole owner.

The 570,000-square-foot property, featuring both office and residential space, marks another step in Brandywine’s optimism about the office sector’s recovery. “Our pipeline activity continues to grow, tour volume remains at very healthy levels, and rent levels are in line with our business plan,” said CEO Jerry Sweeney.

Completed in 2023, the 28-story tower’s 200,000-square-foot office component is part of Brandywine’s Schuylkill Yards development and continues to draw strong tenant interest for its premium, amenity-rich environment.

*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.

Brandywine Takes Full Ownership of 3025 JFK Blvd

Brandywine pays $70.5M for partner’s stake in University City building

Brandywine Realty Trust has acquired full ownership of 3025 John F. Kennedy Blvd. in University City after purchasing its joint venture partner’s remaining stake for $70.5 million. The deal gives Brandywine complete control of the 570,000-square-foot mixed-use tower.

The Philadelphia-based REIT previously held a 66% interest in the recently completed property, with a global institutional partner owning the remainder. Brandywine declined to disclose the name of its former partner but confirmed it also assumed its share of the property’s debt as part of the transaction.

Located just west of 30th Street Station, the 28-story tower includes 326 luxury apartments on the upper floors and 200,000 square feet of modern office space on levels two through eight, with a shared amenity floor on level nine. The total project cost reached $325 million, according to Brandywine.

The acquisition underscores Brandywine’s continued commitment to its Schuylkill Yards master plan, transforming the University City district into a vibrant live-work-play destination.

*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.

$43M Foreclosure Brings 1650 Arch Street to the Auction Block

$43M Foreclosure Brings 1650 Arch Street to the Auction Block

The foreclosure saga surrounding 1650 Arch Street in Center City appears to be approaching its conclusion.

1650 Arch Investor LP, an affiliate of ASI Management and owner of the 553,000-square-foot office tower, is slated for public auction on November 5. According to a published notice, bidding will take place both online and in person at the New York Supreme Court building in Manhattan.

The property, which is currently about half vacant, has been in receivership since July following a foreclosure complaint filed in June in the Philadelphia Court of Common Pleas.

An affiliate of Delphi Financial Group originally provided a $75.8 million loan to ASI Management in 2018, later extended two years to July 2024. However, the borrower failed to pay off the debt by the maturity date, leaving an outstanding balance of approximately $43 million, according to the auction notice.

*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.

Archdiocese of Philadelphia Relocating to Three Parkway

Archdiocese of Philadelphia Relocating to Three Parkway

The Archdiocese of Philadelphia is preparing to relocate its headquarters, signing a long-term lease for 80,000 square feet at Three Parkway, just a block from its current Center City location.

The archdiocese, which has occupied its 13-story, 137,000-square-foot building at 222 N. 17th Street since 1971, cited $25 million in deferred maintenance costs and underutilized space as the main reasons for the move. “Financially, this will make sense for the archdiocese. It will be a cost savings,” said spokesperson Ken Gavin.

The new offices will occupy the 10th through 12th floors of the 20-story Three Parkway tower at 1601 Cherry Street. The transition is expected to take place in spring 2026.

At its peak, the current headquarters housed roughly 450 employees, but the workforce has since declined to around 250 through layoffs and attrition. The upcoming move represents a 42% reduction in office space, aligning the organization’s footprint with its streamlined operations.

*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.

Eight Tower Bridge Sells for $83.1M

Eight Tower Bridge office tower in Conshohocken sells for $83.1M

The 16-story Eight Tower Bridge office building in Conshohocken has been sold for $83.1 million, representing a 23% decline from its last sale in 2018. The 347,000-square-foot tower was purchased by a partnership between FLD Group of Eatontown, NJ, and New York’s Adjmi family, from American Real Estate Partners (AREP).

AREP previously acquired the property for $108 million from a partnership involving Cornerstone Real Estate Advisors and developer Oliver Tyrone Pulver, who built the tower more than 20 years ago.

The new owners, who have been expanding their Philadelphia-area portfolio with recent acquisitions of Bala Plaza and the Plymouth Meeting Executive Campus, plan to maintain the property as office space. The building is currently 94% occupied, reflecting its strong tenant base despite regional office market challenges.

*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.

Starr Insurance Expands Philadelphia Office Footprint

Starr Insurance expands Philadelphia footprint by 66% with office move

Starr Insurance is set to significantly expand its presence in Center City Philadelphia, leasing the entire 31,600-square-foot top floor of 30 S. 17th Street, also known as Duane Morris Plaza. The move represents a 66% increase in space for the New York-based insurance and investment firm, which currently occupies about 19,000 square feet at 1601 Market Street, less than a block away.

According to Savills’ quarterly market report, the lease marks one of the first major deals at the 20-story tower since Oaktree Capital Management, the building’s Los Angeles-based owner, announced plans for lobby renovations and system upgrades. The improvements coincide with Duane Morris LLP’s long-term lease renewal, which included a 45,000-square-foot downsize. The law firm will retain 195,000 square feet and continue as the building’s anchor tenant with naming rights.

Starr Insurance, which reported $11.9 billion in gross written premiums and $41.1 billion in total assets as of December 31, plans to relocate to its new space in the summer of 2026.

“We’re looking forward to moving to accommodate our growing local employee base and provide them with a top-level office environment close to our key distribution partners,” said Hunter Hoffman, Starr’s Chief Marketing Officer.

The transaction highlights renewed leasing momentum in Center City, as companies seek high-quality, amenity-rich office environments that support collaboration and long-term growth.

*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.

Great Valley School District Plans to Acquire Office Building

Great Valley School District to acquire office building adjacent to Malvern campus

The Great Valley School District has approved the $7.5 million purchase of the Westbrook Corporate Center, a nearly 190,000-square-foot office building located at 41 Moores Road in Malvern. The property sits on 21.9 acres directly adjacent to Great Valley High School, positioning the district for potential future expansion or redevelopment of the site.

The acquisition price represents a steep 85% discount from the building’s previous sale in 2013, when it traded for $49.65 million, according to Chester County property records. The three-story office building, constructed in 1998, is currently owned by an entity affiliated with Phoenix-based Orion Properties.

Situated at the corner of Moores and Conestoga Roads, between Route 202 and I-76, the property has been largely vacant and available for lease for nearly six years, according to CoStar data. Past tenants have included Teva Pharmaceuticals, Trammell Crow Company, and Community First Financial.

In a September letter to Great Valley families and staff, Superintendent Daniel Goffredo stated that the district will now begin a due diligence period to assess the property’s condition and potential uses. Findings from that process “will guide future development decisions,” indicating that plans for how the building will serve the district are still under evaluation.

*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.

Day & Zimmermann Relocates to 1835 Market

Day & Zimmerman downsize

Construction and engineering firm Day & Zimmermann will significantly reduce its Center City office space as it relocates next year to 1835 Market Street. The company has signed a long-term, 48,074-square-foot lease, moving from over 100,000 square feet at 1500 Spring Garden Street, where it has been headquartered for nearly two decades.

Despite the downsizing, the deal marks one of Center City’s largest office leases of the year, according to Savills. The third-generation, family-owned company — founded in 1901 — provides construction, engineering, staffing, and defense services to global corporations and governments.

Day & Zimmermann reported $3 billion in revenue in 2024, up from $2.3 billion the prior year, ranking sixth among the Philadelphia region’s largest private companies. The firm employs more than 1,600 people locally and 37,000 worldwide.

*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.

Stateside Vodka to Relocate Headquarters to Center City Philadelphia

Fast-growing Stateside Vodka picks Center City for new corporate headquarters

Stateside Vodka, the Philadelphia-born spirits company best known for its craft vodka and popular Surfside canned cocktails, has signed a long-term lease to move its corporate headquarters back to the city. The company secured an 11-year lease for 34,200 square feet across the fifth and sixth floors at 1100 Ludlow Street, part of the East Market development in Center City.

The building, owned by National Real Estate Advisors, is a key component of the $1 billion East Market project, which has reimagined the corridor with modern office, residential, and retail spaces. The location sits adjacent to Jefferson Health’s $762 million Honickman Center and near a stretch of East Market Street undergoing additional redevelopment in collaboration with Comcast Corp. and Harris Blitzer Sports & Entertainment, the ownership group behind the Philadelphia 76ers.

According to CFO Jim Romano, Stateside plans to make the move in early spring 2026. The company is currently based in Feasterville-Trevose, where it occupies 10,000 square feet at 3800 Horizon Boulevard — a temporary location it adopted last year to accommodate rapid growth.

The relocation marks a return to the company’s Philadelphia roots and reflects its continued expansion in both the spirits and ready-to-drink cocktail markets. The new headquarters will provide additional space for operations and future growth as Stateside continues to scale its popular product lines.

*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.