Why Philadelphia’s Office Market Is Brightening

Why Philadelphia’s Office Market Is Brightening

To an outsider, Philadelphia’s office’s use of statistics might suggest it should be one of the hardest-hit cities, struggling with reduced foot traffic and empty buildings. However, the City of Brotherly Love is thriving, offering a model for other urban office markets facing high vacancy rates and quiet downtowns as they recover from the pandemic. On a recent 95-degree day in the central business district, men in loosened ties lined up at falafel, smoothie, and other food carts on Center City sidewalks. Employees on their lunch breaks filled Rittenhouse Square benches, enjoying the shade of the park’s towering trees. By rush hour, streets were packed with cars, buses, and bicyclists, all vying for space in the bustling traffic.

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 and advisory 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.