Single-Tenant Office
For Sale
Contact for pricing
1626 Locust Street, Philadelphia, PA 19103
Class A single-tenant office property totaling 48,069 square feet, net leased to Spaces.
Property Size48,069 SF
Days on Market126
Property Features for 1626 Locust Street
General Information
Standard status
Active
Size
48,069 SF
Class
A
Property subtype
Office
Occupancy
100%
Building Details
Year Built
1960
Year Renovated
2019
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Stephen Schrenk · License #NJ
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 4:32PM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
1626 Locust Street is a 48,069-square-foot, class A, single-tenant office property built in 1960. The building has undergone a complete renovation in 1989 and again in 2019.
The offering is 100% net leased to Regus’ creative office subsidiary, Spaces. The lease is described as long term, and the property includes a corporate guarantee from Regus.
This is an office building presented for sale with an ongoing lease structure featuring annual rent escalations and minimal landlord responsibility, according to the remarks provided.
The offering is 100% net leased to Regus’ creative office subsidiary, Spaces. The lease is described as long term, and the property includes a corporate guarantee from Regus.
This is an office building presented for sale with an ongoing lease structure featuring annual rent escalations and minimal landlord responsibility, according to the remarks provided.
Key Highlights
- 48,069 SF class A single‑tenant office property at 1626 Locust Street in Rittenhouse Square, Philadelphia
- 100% net leased to Spaces (Regus creative office subsidiary) as a single‑tenant office offering
- Long‑term lease includes a corporate guarantee from Regus
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
21,096
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Class A single-tenant office property totaling 48,069 square feet, net leased to Spaces.
Where is this office building located?
The property is located at 1626 Locust Street Philadelphia, PA.
What are key features of this property?
This property features: 48,069 SF class A single‑tenant office property at 1626 Locust Street in Rittenhouse Square, Philadelphia; 100% net leased to Spaces (Regus creative office subsidiary) as a single‑tenant office offering; Long‑term lease includes a corporate guarantee from Regus
