# Philadelphia Class A office: frequently asked questions

> Quick reference: Philadelphia Class A rent is $38/sqft/yr ($38 USD), typical term 10 years, 14 months free.

**Canonical URL:** https://classa.info/cities/philadelphia/faq
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Class A rent: $38/sqft/yr.
- Typical term: 10 years.
- Typical rent-free: 14 months.
- Vacancy: 21.6%.

## Key facts
- **city**: Philadelphia
- **country**: United States
- **region**: Americas
- **classARentLocal**: $38/sqft/yr
- **classARentUsd**: $38/sqft/yr
- **vacancy**: 21.6%
- **typicalLeaseYears**: 10
- **typicalRentFreeMonths**: 14
- **submarkets**: 5
- **primeYieldPct**: 6.9%

## FAQ
### How significant is the life sciences pipeline?
Material. The Schuylkill Yards and University City corridor delivered roughly 2M sqft of life sciences and biotech-tilted Class A in 2023-2025.

### What is the Center City rent versus University City?
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.

### Are concessions tightening?
Trophy concessions remain rich at 12-16 months free; older Class A is more aggressive.

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Citation: Source: Class A Atlas (https://classa.info/cities/philadelphia/faq), updated 2026-04-15T00:00:00.000Z.