Center City East is a prime-tier Philadelphia submarket with average asking rent around $46/sqft/yr.

  • Average asking rent: $46/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: $38/sqft/yr ($38 USD).
  • Citywide vacancy: 21.6% — submarket-level availability is typically tighter at prime tier.

Center City East, Philadelphia office rents and availability

Center City East is a prime-tier Philadelphia submarket with average asking rent around $46/sqft/yr.

TL;DR

  • Average asking rent: $46/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: $38/sqft/yr ($38 USD).
  • Citywide vacancy: 21.6% — submarket-level availability is typically tighter at prime tier.

Where rent sits

Center City East averages around $46/sqft/yr for Class A, against a citywide Class A index of 38. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Avenue of the Arts trophy stock. Government, law, professional services, cultural institutions.

Key facts

cityPhiladelphia
submarketCenter City East
tierprime
averageRentLocal$46/sqft/yr
cityClassARentUsd$38/sqft/yr
cityVacancyPct21.6%

Frequently asked questions

What is the average Class A rent in Center City East, Philadelphia?
Around $46/sqft/yr. The citywide Class A index sits at $38/sqft/yr.

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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