The largest lease for Philadelphia office space signed in the fourth quarter 2014 was for Subaru of America’s new corporate headquarters in the Philadelphia market, according to a new report from the CoStar Group.
Subaru signed the lease for 250,000 square feet of Philly office space in the Gateway Office Campus – Building 4 in the North Camden County submarket, according to CoStar’s Fourth Quarter 2014 Market Report.
The fourth quarter’s second largest lease in the market for office space in Philadelphia was for 62,880 square feet at Two Logan Square in the Market Street West submarket, CoStar said.
The report also recognized Thomas Jefferson University Hospital’s fourth quarter lease for 43,369 square feet at 833 Chestnut East in the Market Street East submarket of the market for office space in Philly.
Other significant leases signed in 2014 included Comcast Corporation’s second quarter lease for 982,275 square feet at Comcast Innovation & Technology Center in the Philly office space market’s Market Street West submarket.
In comparison to the lease signings for office space in Philly, CoStar said the top new leases signed in the national market in fourth quarter 2014 included Google Inc.’s 1.89 million-square-foot lease in the South Bay / San Jose market; Amazon’s 422,682-square-foot lease in New York City; ServiceNow, Inc.’s lease for 310,346 square feet in the South Bay / San Jose market; MITRE’s lease for 270,000 square feet in the Washington market; and Subaru of America’s lease for 250,000 square feet in the Philadelphia office space market.
For more information about office space in Philadelphia or any Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com), Leor Hemo (leor.hemo@wolfcre.com) or Lee Fein (lee.fein@wolfcre.com) at Wolf Commercial Real Estate, a premier Philadelphia commercial real estate brokerage firm with expertise in Philly office space.
Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.
Wolf Commercial Real Estate, a Philadelphia commercial real estate broker that specializes in Philadelphia commercial real estate listings and services, provides unparalleled expertise in matching companies and individuals seeking new office space in Philly with the Philadelphia commercial properties that best meets their needs. As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about office space in Philadelphia and other Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals. If you are looking for Philadelphia office space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.
Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.
