--- title: "Center City East, Philadelphia — Class A submarket" description: "Avenue of the Arts trophy stock." canonical: https://classa.info/cities/philadelphia/center-city-east pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Center City East is a prime-tier Class A submarket of Philadelphia with average asking rent around $46/sqft/yr. ## TL;DR - Avenue of the Arts trophy stock. - Prime tier — ~$46/sqft/yr. - Active Class A leasing market with deal flow across major broker desks. # Center City East, Philadelphia — Class A submarket *Avenue of the Arts trophy stock.* · Tier: prime · Avg rent: $46/sqft/yr ## TL;DR - Avenue of the Arts trophy stock. - Prime tier — ~$46/sqft/yr. - Active [Class A](/glossary/class-a) leasing market with deal flow across major broker desks. ## Overview Center City East — anchored by the Avenue of the Arts and Independence Mall — hosts deep Class A inventory with strong cultural and government tenancy. ## Tenant profile Government, law, professional services, cultural institutions. ## Typical specification 15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common. ## Transit City Hall, Walnut-Locust, 11th & Market subway. Multi-modal transit captures the metro's principal professional catchment. ## Amenities Avenue of the Arts, Independence Mall, Reading Terminal Market. ## Comparable buildings - **Two Liberty Place** [](https://www.google.com/maps/search/?api=1&query=Two%20Liberty%20Place%2C%2050%20South%2016th%20Street%2C%20Philadelphia%2C%20PA%2019102%2C%20Center%20City%20East%2C%20Philadelphia%2C%20United%20States&query_place_id=ChIJqW8HNzDGxokRiG7I8ooceHc) - **1818 Market** [](https://www.google.com/maps/search/?api=1&query=1818%20Market%2C%201818%20Market%20Street%2C%20Philadelphia%2C%20PA%2019103%2C%20Center%20City%20East%2C%20Philadelphia%2C%20United%20States&query_place_id=ChIJY6_tJDHGxokR6OXKx_HRC4g) - **1601 Market** [](https://www.google.com/maps/search/?api=1&query=1601%20Market%2C%201601%20Market%20Street%2C%20Philadelphia%2C%20PA%2019103%2C%20Center%20City%20East%2C%20Philadelphia%2C%20United%20States&query_place_id=ChIJNf66xjHGxokRxwgQTESzGJ0) ## Where Center City East sits in Philadelphia Center City East is one of 5 Class A submarkets we cover in Philadelphia, classified as prime tier with an average asking rent around $46/sqft/yr. Compared with the broader Philadelphia Class A stock, Center City East typically attracts Government, law, professional services, cultural institutions and competes most directly with the city's other prime submarkets on building specification, transit access, and [amenitisation](/glossary/amenitisation). Adjacent submarkets to study alongside Center City East: [Center City West](/cities/philadelphia/center-city-west), [University City / Schuylkill Yards](/cities/philadelphia/university-city), [Navy Yard](/cities/philadelphia/navy-yard), [King of Prussia & Conshohocken](/cities/philadelphia/king-of-prussia-conshohocken). The full Philadelphia submarket atlas is at [/cities/philadelphia](/cities/philadelphia). ## Topic deep-dives for Center City East For an institutional Class A occupier evaluating Center City East, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket: - [Center City East — ](/cities/philadelphia/center-city-east/rents-and-availability) - [Center City East — ](/cities/philadelphia/center-city-east/tenant-profile) - [Center City East — ](/cities/philadelphia/center-city-east/transit-and-commute) - [Center City East — ](/cities/philadelphia/center-city-east/amenity-and-lifestyle) - [Center City East — ](/cities/philadelphia/center-city-east/trophy-and-comparables) - [Center City East — ](/cities/philadelphia/center-city-east/fit-out-and-spec) ## Related glossary Terminology specific to Philadelphia Class A leasing and to the prime tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## Editorial provenance Reviewed by [**Miriam Hollander**](/about/authors/miriam-hollander) — Lead market analyst. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/philadelphia/center-city-east), updated 2026-04-15T00:00:00.000Z.