Office Space for Rent Philadelphia

Private Offices & Executive Suites Philadelphia PA

Offices.net features modern office buildings offering flexible office suite solutions, team office space, hot desking and virtual office services in Philadelphia, ready for you to move in and get straight to work. The commercial space, professional office suites, shared offices and coworking space that we offer allows you do business in a sought-after location from quality office space without the overheads and long-term commitments of conventional Philadelphia commercial real estate leases.

Known as the City of Brotherly Love, Philadelphia is the largest city in Pennsylvania and at the heart of the sixth largest metropolitan area in the United States. Founded in 1682 as the capital of the Pennsylvania Colony, Philadelphia played an important role in the American Revolution and served as one of the fledgling nation's capitals during the Revolutionary War. With attractions like the Liberty Bell, Independence Hall and Constitution Hall, the city is a major tourist destination.

Home to the Philadelphia Stock Exchange and several major corporations, the city is the economic center and anchor for the state. Traditionally a hub for manufacturing, the city has shifted towards a service- and technology-based economy. Philadelphia is also a significant center for health education and research.

Offices.net offers companies of any size a simple, fast and affordable way to rent temporary office space in Philadelphia. In addition to being fully furnished, most of these commercial spaces in Philadelphia have amenities like manned receptions, fast Internet connectivity, telephones, business lounges, parking lots and air conditioning. This can help remove the usual process involved in setting up a conventional space for lease, and let you focus on getting up and running.

Philadelphia Commercial Real Estate: Office Space Market

Philadelphia, PA has nearly 100 million square feet of office space divided into 11 sub-markets. In the CBD, space is split into east of Broadway and west of Broadway, with the latter being the largest sub-market by far with almost 30 million square feet of inventory. Suburban office sub-markets include King of Prussia / Valley Forge, Blue Bell, Southern Bucks County, 202 Corridor, Horsham, Delaware County, Main Line, Conshohocken, and Bala Cynwyd, in decreasing order by size.

Office Vacancy & Availability: Space renovations and the consolidation of space are the predominant themes in the Philadelphia office market, as is the inward migration from suburban offices to the downtown area, mainly to areas west of Broadway near neighborhoods such as Washington Square West and Bella Vista. This is leading to moderate drops in vacancy rates and increases in asking rents, although they are generally offset by the ongoing release of new supply.

Average Rental Rates: Average asking rates across all classes are just under $30 / sq ft / year in the CBD, dropping to $25 / sq ft / year in suburban areas. Class A space exceeds $30 / sq ft / year in Bala Cynwyd, est of Broadway, and Conshohocken (2017 data).

Professional Office Space Philadelphia PA

Many of the office buildings provide receptions, state-of-the-art print and scanning facilities, internet and network wiring, telecommunications set up, and furnishings. A number of the business centers also provide on site IT support, call answering, meeting rooms, business lounge facilities, bike rack, onsite car parking, all-hours access and other professional services and amenities. Most of these commercial spaces also offer virtual offices for those that want prestigious business addresses but don't require full office rental.

We would love to help you find your perfect new work environment. Just select one of the offices for rent in Philadelphia above. All of the office space for rent listed on Offices.net is in prime locations in Philadelphia, Pennsylvania and is available for immediate rental on flexible terms.

Why You Should Rent Philadelphia Office Space

Philadelphia is one of the largest cities in the United States and is known for being one of the most important economic and cultural hubs in the East Coast. The city has a rich history and played a fundamental role in the establishment of the United States as a nation, and it has always been a center for government jobs.

Major Industries: Philadelphia's industrial past eventually gave way to a thriving service-based economy that now generates one of the 10 highest gross metropolitan product indexes in the nation. The higher education sector helped create a robust economy, and so have other industry sectors like technology, financial services, media, and communications. Tourism revenues are an important contributor to the local economy in a city that attracts 40 million visitors every year to its art museums and historic attractions, and that has excellent infrastructure for business meetings, congresses and networking events.

Prominent Employers: Among Philadelphia's largest employers are public sector institutions like the Federal Government, the City of Philadelphia, and the Pennsylvania Government, along with US Airways, the University of Pennsylvania in University City West Philadelphia, Temple University, Comcast, Aria Health in Northeast Philadelphia, Wells Fargo, and Thomas Jefferson University Hospital.

Labor Market: Annual job gains are generally stronger than in other Pennsylvania cities, particularly in areas like construction, professional services, leisure and hospitality, and education. In August 2017, unemployment levels were almost back to levels last seen before the start of the financial crisis, dropping to 6.7 percent. There are 11 targeted industry clusters where long-term business opportunities are more likely to materialize: advanced manufacturing, food production, biomedical, building and construction, business services, education, energy, healthcare, hospitality, leisure and entertainment, logistics and transportation, and publishing.

High-priority occupations include social and community service managers, personal financial advisers, computer systems analysts, web developers, software and application developers, nurses and therapists, laboratory technicians, medical assistants, and medical secretaries.

Find Office Space in Philadelphia

Need help with finding office space for rent in Philadelphia, PA? Just get in touch using the number or form above and we'll be more than happy to recommend suitable shared co-work spaces, business centers, commercial office buildings and industrial space throughout various locations in Philadelphia. All we need to know to get started is your preferred location, your budget and how many desks you need. If you have other specific requirements please let us know, as it will help us find suitable office space for rent quicker.