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

Office space features highly efficient floor plates and unobstructed panoramic views near major transit and amenities.

Property Size1,198 SF
Days on Market1694

Property Features for 1601-1645 Cherry St

General Information

Standard status Active
Size 1,198 SF
Property subtype OFFICE
Listing Agency: JLL | Philadelphia
Listed By: Alex Breitmayer · License #RS319028
Source: Moodyscre
Added: Dec 10, 2021 Changed: Jul 30 Last Checked: Jul 31 at 8:31AM

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 provides an office-setting with highly efficient floor plates, emphasizing a strong perimeter-to-interior space ratio. The space is described as having unobstructed panoramic views.

Access is positioned for ease by car and transit. Via car from I-676, with an entrance about 3 blocks away, and parking options noted within about 1 block at the Sheridan Hotel. Public transportation access includes the Suburban Station Concourse entrance about 1 block away. The property is described as a high-profile setting near Logan Circle on the Benjamin Franklin Parkway.

The building has been annually awarded an Energy Star since 2008. Major renovations include a full lobby update, a tenant lounge, new common corridors, and new common bathrooms. The property is listed at 1,198 square feet.

Key Highlights

  • Unobstructed panoramic views
  • Highly efficient floor plates with excellent perimeter‑to‑interior ratio
  • Energy Star award 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

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

$23.65 /SF/Yr
Avg Asking Price
$0.52–$240 /SF/Yr
Price Range
7,007 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 units - Office space features highly efficient floor plates and unobstructed panoramic views near major transit and amenities.
Where is this office units located?
The property is located at 1601-1645 Cherry St Philadelphia, PA.
What are key features of this property?
This property features: Unobstructed panoramic views; Highly efficient floor plates with excellent perimeter‑to‑interior ratio; Energy Star award annually since 2008
(215) 399-1813 Call to check price and availability
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