One of the Lowest Office Space Rates in Major U.S. Markets
Greater Philadelphia offers companies:
- One of the lowest office space rents with an average Class A rent of approximately $26/square foot.
- Low rental rate per square foot for Class B office space of approximately $22/sf.
Chart Source: Grubb & Ellis, August 2006
Here is a sample of real estate projects underway in the Greater Philadelphia region:
- Cira Centre, Philadelphia Center City, a new 28-story office-building adjacent to the 30th Street Station, is nearing completion.
- With a height of 975 feet, the new Comcast Center will be the tallest structure between New York and Chicago.
- The new Barclays Bank in Wilmington, DE will feature a two-story atrium and a 500 seat auditorium.
- A selection of well known retailers will soon be available at the new Marketplace at Garden State Park in Cherry Hill, NJ.
For assistance in finding the right location, contact Jeanne O'Connor, Select Greater Philadelphia Business Development, 215.790.3726 or 1.800.221.0774.
Source: Grubb & Ellis, Q4 2006
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