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Office Building with Panoramic Views
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1601-1645 Cherry St, Philadelphia, PA 19102

Office building featuring unobstructed panoramic views and efficient floor plates with renovated common areas.

Property Size27,520 SF
Days on Market1694

Property Features for 1601-1645 Cherry St

General Information

Standard status Active
Size 27,520 SF
Property subtype OFFICE

Additional Details

Highway Access Yes

Amenities

tenant lounge
Listing Agency: JLL | Philadelphia
Listed By: Alex Breitmayer · License #RS319028
Source: Moodyscre
Added: Dec 10, 2021 Changed: Jul 24 Last Checked: Jul 24 at 4:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Philadelphia

Investment Insights

Based on property information with market context.

3 Parkway (1601–1645 Cherry St) is a multi-tenant office building offering highly efficient floor plates with an excellent ratio of perimeter to interior space. The property has undergone major renovations, including a full lobby update, new common corridors and bathrooms, and a tenant lounge.

The building is positioned for convenient access by car via I-676, with an entrance about three blocks away. Parking is described as available about one block away at the Sheridan Hotel, and public transportation access is noted through the Suburban Station Concourse with an entrance one block away. The location is also described as near Logan Circle on Benjamin Franklin Parkway.

The property is described as having unobstructed panoramic views and has been annually awarded Energy Star status since 2008.

Key Highlights

  • High‑profile office building near Logan Circle on Benjamin Franklin Parkway with unobstructed panoramic views
  • Efficient floor plates with an excellent perimeter‑to‑interior space ratio
  • Energy Star annually since 2008

Property Analytics

Current Use

Thermo Fisher Scientific Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Home Appliance Store Butcher Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

24,727
Businesses Nearby

Demographics for 19102, PA

7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$17.74 /SF/Yr
Avg Asking Price
$6.7–$25 /SF/Yr
Price Range
39,657 SF
Avg Space Size

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019
14.1% 2020
16.2% 2021
19% 2022
20.5% 2023
19.6% 2024
19.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building featuring unobstructed panoramic views and efficient floor plates with renovated common areas.
Where is this office building located?
The property is located at 1601-1645 Cherry St Philadelphia, PA.
What are key features of this property?
This property features: High‑profile office building near Logan Circle on Benjamin Franklin Parkway with unobstructed panoramic views; Efficient floor plates with an excellent perimeter‑to‑interior space ratio; Energy Star annually since 2008
(215) 399-1813 Call to check price and availability
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