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Office Building with Transit Access
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1635 Market St, Philadelphia, PA 19103

Office building at 1635 Market St with direct concourse access and on-site dining and security features.

Property Size7,995 SF
Days on Market1263

Property Features for 1635 Market St

General Information

Standard status Active
Size 7,995 SF
Property subtype OFFICE

Additional Details

Sprinkler System Yes

Amenities

direct access to SEPTA high-speed rail, subway, and subway-surface systems
three on-site restaurants
on-site full-service bank and MAC
24-hour security
Listing Agency: CBRE | Philadelphia Downtown
Listed By: Mark W. Adzick
Source: Moodyscre
Added: Feb 14, 2023 Changed: Jul 26 Last Checked: Jul 30 at 2:15PM

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 CBRE | Philadelphia Downtown

Investment Insights

Based on property information with market context.

1635 Market Street, formerly called 7 Penn Center, is an office building with direct access to the concourse and SEPTA high-speed rail, subway, and subway-surface systems. The building includes three on-site restaurants, an on-site full-service bank, and MAC, along with 24-hour security and state-of-the-art life safety systems with sprinklers throughout.

Positioned at 17th & Market Streets, the property is listed as less than one block from the Ritz-Carlton Hotel and the Shops at Liberty Place, supporting convenient access to established downtown amenities.

For tenants considering a centrally connected office address, the building’s transit-linked concourse access and staffed security are core operational features.

Key Highlights

  • Direct access to the concourse and SEPTA high‑speed rail, subway, and subway‑surface systems
  • Located at 17th & Market Streets, less than one block from the Ritz‑Carlton Hotel and the Shops at Liberty Place
  • Three on‑site restaurants in the building

Property Analytics

Current Use

Philly Drywall and Paint ... Hardware & Home Improvement Spector Gadon Rosen ... Law Firm The Law Offices Of Lenard ... Law Firm The American Board of Plastic ... Medical Clinic MIS Capital LLC Construction Company

Suggested Use

Top Pick Tanning Salon Clothing & Fashion Store (Bike/Boat/Book/etc) Store Pet Grooming Service Home Appliance Store Electrical 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
Sprinkler system
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

21,674
Businesses Nearby

Demographics for 19103, PA

28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
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
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Frequently Asked Questions

What type of property is this?
Office building - Office building at 1635 Market St with direct concourse access and on-site dining and security features.
Where is this office building located?
The property is located at 1635 Market St Philadelphia, PA.
What are key features of this property?
This property features: Direct access to the concourse and SEPTA high‑speed rail, subway, and subway‑surface systems; Located at 17th & Market Streets, less than one block from the Ritz‑Carlton Hotel and the Shops at Liberty Place; Three on‑site restaurants in the building
(610) 331-2111 Call to check price and availability
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