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Office Building with Underground Parking Access
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1601 Market St, Philadelphia, PA 19103

Center City Philadelphia office space featuring underground access to parking, tenant amenities, and optimized floor plans with side core design.

Property Size10,499 SF
Days on Market1264

Property Features for 1601 Market St

General Information

Standard status Active
Size 10,499 SF
Elevators Yes
Property subtype OFFICE

Additional Details

Space Use Office
Public Transit Yes

Amenities

conference center
tenant lounge
fitness center
indoor air quality (MERV 13+)
secure bike storage
interconnecting stairwells
on-site restaurant
retail amenities
lobby with security and desk attendants
child care
Listing Agency: JLL | Philadelphia
Listed By: Anthony LiVecchi · License #RS305596
Source: Moodyscre
Added: Feb 13, 2023 Changed: Jul 30 Last Checked: Jul 31 at 4:15AM

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.

1601 Market St is an office building in Center City designed for flexible work, retail, and lifestyle uses. The contemporary lobby features honed marble floors, radiant white walls and counters, and cutting-edge lighting. The building’s layout uses an optimized side core design for efficiency, with high-rise office floors and interconnecting stairwells.

Amenities and building systems include a tenant-only fitness center, secure bike storage, fast modernized elevator systems, and indoor air quality with MERV 13+ filtration. The property also includes a modern lobby with security and desk attendants, plus on-site restaurant and retail amenities.

Operational convenience is supported by short and direct concourse access to regional rail and underground access to parking. Additional tenant services listed for the building include a new conference center and tenant lounge with planning underway, and on-site child care.

Key Highlights

  • 10,499 SF office building
  • Underground access to parking
  • Short and direct concourse access to regional rail

Property Analytics

Current Use

Capital 1031 Exchange Title Company Freedman & Lorry, P.C. Law Firm lawyers club of philadelphia Law Firm Klasko Immigration Law ... Law Firm Extended Care Systems (Bike/Boat/Book/etc) Store

Suggested Use

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

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

25,789
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 - Center City Philadelphia office space featuring underground access to parking, tenant amenities, and optimized floor plans with side core design.
Where is this office building located?
The property is located at 1601 Market St Philadelphia, PA.
What are key features of this property?
This property features: 10,499 SF office building; Underground access to parking; Short and direct concourse access to regional rail
(215) 399-1817 Call to check price and availability
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