{
  "url": "https://classa.info/cities/philadelphia",
  "title": "Philadelphia Class A Office Market",
  "description": "Northeast gateway with deep healthcare, life sciences, and education anchors.",
  "oneSentenceAnswer": "Philadelphia Class A office rents around $38/sqft/yr, with 21.6% vacancy and 14 months of typical rent-free on a 10-year term.",
  "tldr": [
    "Class A trophy product on Market Street West and along the Avenue of the Arts trades at $48-$56/sqft.",
    "University City life sciences pipeline is the principal new-demand driver.",
    "Comcast Technology Center anchors the trophy tier.",
    "Concessions remain rich — 12-16 months free typical on a 10-year deal."
  ],
  "keyFacts": {
    "city": "Philadelphia",
    "country": "United States",
    "region": "Americas",
    "classARentLocal": "$38/sqft/yr",
    "classARentUsd": "$38/sqft/yr",
    "vacancyPct": "21.6%",
    "typicalLeaseYears": 10,
    "typicalRentFreeMonths": 14,
    "submarkets": 5,
    "corporateTaxPct": "26%",
    "talentIndex": 85
  },
  "faqs": [
    {
      "question": "How significant is the life sciences pipeline?",
      "answer": "Material. The Schuylkill Yards and University City corridor delivered roughly 2M sqft of life sciences and biotech-tilted Class A in 2023-2025."
    },
    {
      "question": "What is the Center City rent versus University City?",
      "answer": "Center City trophy trades 10-15% above University City Class A on a per-foot basis, but University City is increasingly the preferred destination for life sciences and biotech tenants."
    },
    {
      "question": "Are concessions tightening?",
      "answer": "Trophy concessions remain rich at 12-16 months free; older Class A is more aggressive."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/philadelphia), updated 2026-04-15T00:00:00.000Z."
}