Avenue of the Arts, Independence Mall, Reading Terminal Market.
Avenue of the Arts, Independence Mall, Reading Terminal Market.
Avenue of the Arts, Independence Mall, Reading Terminal Market.
Premium hotel and dining inventory is tight to the submarket — important for international client hosting.
| city | Philadelphia |
|---|---|
| submarket | Center City East |
| tier | prime |
| averageRentLocal | $46/sqft/yr |
| cityClassARentUsd | $38/sqft/yr |
| cityVacancyPct | 21.6% |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.