Navy Yard (prime, ~$42/sqft/yr) is one of 5 Philadelphia Class A submarkets we track.

  • Navy Yard sits at prime tier.
  • Average rent $42/sqft/yr vs city average 38.
  • Compared submarkets: Center City West (trophy), Center City East (prime), University City / Schuylkill Yards (trophy).

Navy Yard vs other Philadelphia submarkets

Navy Yard (prime, ~$42/sqft/yr) is one of 5 Philadelphia Class A submarkets we track.

TL;DR

  • Navy Yard sits at prime tier.
  • Average rent $42/sqft/yr vs city average 38.
  • Compared submarkets: Center City West (trophy), Center City East (prime), University City / Schuylkill Yards (trophy).

Side-by-side with peers

**Center City West** (trophy, $54/sqft/yr) — The trophy financial spine. **Center City East** (prime, $46/sqft/yr) — Avenue of the Arts trophy stock. **University City / Schuylkill Yards** (trophy, $50/sqft/yr) — Life sciences and tech corridor. **King of Prussia & Conshohocken** (established, $32/sqft/yr) — Suburban trophy belt along I-76.

Key facts

cityPhiladelphia
submarketNavy Yard
tierprime
averageRentLocal$42/sqft/yr
cityClassARentUsd$38/sqft/yr
cityVacancyPct21.6%

Frequently asked questions

What other submarkets compete with Navy Yard in Philadelphia?
Center City West, Center City East, University City / Schuylkill Yards

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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