Navy Yard waterfront, Cisco Systems Innovation Lab.
Navy Yard waterfront, Cisco Systems Innovation Lab.
Navy Yard waterfront, Cisco Systems Innovation Lab.
Premium hotel and dining inventory is tight to the submarket — important for international client hosting.
| city | Philadelphia |
|---|---|
| submarket | Navy Yard |
| tier | prime |
| averageRentLocal | $42/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.