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Renovated Office Space Available
For Lease
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1624-1628 Locust St, Philadelphia, PA

Class A office space with modern amenities for rent.

Space SizeContact for details
Property Size7,167 SF
Lot Size0.17 Acres
Days on Market1170

Property Features for 1624-1628 Locust St

General Information

Standard status Active
Size 7,167 SF
Lot size 0.17 Acres
Property subtype OFFICE

Spaces For Lease

at 1624-1628 Locust St Contact us

1624 Locust St $26.50/SF/Yr

Contact us

1624 Locust St $28.50/SF/Yr

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Listing Agency: JLL | Philadelphia
Listed By: Anthony LiVecchi
Source: Moodyscre
Added: May 23, 2023 Changed: Jul 10 Last Checked: Jul 21 at 5:21AM

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.

Class A office space is available for immediate occupancy, ranging from 7,000 to 48,951 square feet. A full building headquarters opportunity exists. Multiple signage opportunities are available facing Locust Street. The space has been newly renovated with an updated lobby, private offices, and a communal workspace. The building features a lounge and conference center with a coffee bar on the main floor. The property is in a prime location within walking distance of over 50 restaurants and entertainment amenities, as well as SEPTA Regional Rail lines and the PATCO Speedline.

Key Highlights

  • Immediate occupancy available in Class A space, ranging from 7,000 to 48,951 SF, offering a full building HQ opportunity.
  • Prime location within walking distance to over 50 restaurants and entertainment amenities.
  • Multiple signage opportunities facing Locust Street.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Home Appliance Store Pet Grooming Service 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
$3.97 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,477
Businesses Nearby

Market

Lease Benchmarks for Philadelphia, PA

$19.58 /SF/Yr
Avg Asking Price
$0.52–$47.14 /SF/Yr
Price Range
14,593 SF
Avg Space Size

This space is priced 35% above the average of $19.58 /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 - Class A office space with modern amenities for rent.
Where is this office units located?
The property is located at 1624-1628 Locust St Philadelphia, PA.
What is the lease rate?
The lease rate is $26.50 SF/Yr.
What are key features of this property?
This property features: Immediate occupancy available in Class A space, ranging from 7,000 to 48,951 SF, offering a full building HQ opportunity.; Prime location within walking distance to over 50 restaurants and entertainment amenities.; Multiple signage opportunities facing Locust Street.
(215) 399-1817 Call to check price and availability
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