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Office Suite Lease
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1601-1645 Cherry St, Philadelphia, PA 19102

Office suite offered on a full service gross basis with a lease term through 2/28/2026.

Property Size5,413 SF
Days on Market1290

Property Features for 1601-1645 Cherry St

General Information

Standard status Active
Size 5,413 SF
Net Rentable 5,413 SF
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Available Space 5,413 SF
Contiguous Space 5,413 SF
Sublease Yes

Lease Terms

Lease Rate $25 /USD/SF/YR
Monthly Rent $11,277
Rent per SF/Year $25
Listing Agency: CBRE | Philadelphia Downtown
Listed By: Mark W. Adzick
Source: Moodyscre
Added: Jan 18, 2023 Changed: Jul 29 Last Checked: Jul 30 at 1:33PM

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.

This is a professionally leased office suite totaling 5,413 RSF, available for rent on a full service gross basis at $25.00/SF. The current lease term runs through 2/28/2026, with the noted option for earlier termination if the subtenant does not enter into a direct lease with the landlord.

The property is located at 1601-1645 Cherry St in Philadelphia, PA 19102.

Please note that the listing indicates a 5% commission to the co-broker.

Key Highlights

  • Office suite totals 5,413 RSF
  • Lease term through 2/28/2026 (or earlier if subtenant does not sign a direct lease with the landlord)
  • Offered on a full service gross basis at $25.00/SF

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

Gross
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

$23.65 /SF/Yr
Avg Asking Price
$0.52–$240 /SF/Yr
Price Range
7,007 SF
Avg Space Size

This space is priced 6% above the average of $23.65 /SF/Yr.

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 units - Office suite offered on a full service gross basis with a lease term through 2/28/2026.
Where is this office units located?
The property is located at 1601-1645 Cherry St Philadelphia, PA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Office suite totals 5,413 RSF; Lease term through 2/28/2026 (or earlier if subtenant does not sign a direct lease with the landlord); Offered on a full service gross basis at $25.00/SF
(610) 331-2111 Call to check price and availability
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