The largest lease for Philadelphia office space signed in the fourth quarter 2014 was for Subaru of America’s new corporate headquarters in the Philadelphia market, according to a new report from the CoStar Group.
Subaru signed the lease for 250,000 square feet of Philly office space in the Gateway Office Campus – Building 4 in the North Camden County submarket, according to CoStar’s Fourth Quarter 2014 Market Report.
The fourth quarter’s second largest lease in the market for office space in Philadelphia was for 62,880 square feet at Two Logan Square in the Market Street West submarket, CoStar said.
The report also recognized Thomas Jefferson University Hospital’s fourth quarter lease for 43,369 square feet at 833 Chestnut East in the Market Street East submarket of the market for office space in Philly.
Other significant leases signed in 2014 included Comcast Corporation’s second quarter lease for 982,275 square feet at Comcast Innovation & Technology Center in the Philly office space market’s Market Street West submarket.
In comparison to the lease signings for office space in Philly, CoStar said the top new leases signed in the national market in fourth quarter 2014 included Google Inc.’s 1.89 million-square-foot lease in the South Bay / San Jose market; Amazon’s 422,682-square-foot lease in New York City; ServiceNow, Inc.’s lease for 310,346 square feet in the South Bay / San Jose market; MITRE’s lease for 270,000 square feet in the Washington market; and Subaru of America’s lease for 250,000 square feet in the Philadelphia office space market.
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