Philly Office Space

Philly Office SpaceWolf Commercial Real Estate (WCRE), a full-service Philadelphia commercial real estate brokerage firm, specializes in representing Philly office space for buyers, tenants, investors and sellers throughout the Greater Philadelphia region.

Strategically located between New York City and Washington, D.C., and easily accessible via a major international airport, Amtrak’s north-south corridor and several major highways, Philadelphia office space offers global, national and regional companies a highly desirable location in which to conduct business.

As experts in Philadelphia commercial real estate services, the team at our Philly commercial real estate brokerage firm provides ongoing detailed information about Philadelphia office properties to our clients and prospects to help them achieve their real estate goals. At Wolf Commercial Real Estate, our Philadelphia commercial real estate services encompass the highest quality of service and proven expertise.

Philly Office Space Property Owner Representation

WCRE, a leading Philadelphia commercial real estate broker, helps owners of Philly office space for sale or lease put tenants or buyers in their properties through a defined marketing process that is tailored to each property and sub-market. Our proven marketing strategy is implemented by commercial real estate professionals who are experts in the Greater Philadelphia-area office markets, providing the unparalleled levels of Philadelphia Property Owner Representation. As a premier Philadelphia commercial real estate brokerage firm, we treat your Philadelphia office properties as if they were our own and work closely with you as part of our total commitment to client-focused relationships.

Philly Office Space Tenant Representation

For companies and individuals seeking to lease or acquire new Philly office space, Wolf Commercial Real Estate will identify the office space that best suits your needs, whether in the Greater Philadelphia area or anywhere in the country. Through our Philadelphia Tenant Representation services, we ensure that the sale or lease terms of the Philadelphia office space or any other new property are tailored to meet your goals. As a full-service Philly commercial real estate broker, we assist in the relocation analysis process from start to finish, facilitating a smooth transition into your new Philly office space and serving as your strategic partner invested in your long-term growth and success.

For more information about Philadelphia office space for sale or lease or about commercial properties for sale or lease elsewhere in the United States, please contact Jason Wolf (215-799-6900-office; 215-588-8800-cell; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, the premier Philly commercial real estate brokerage firm.

About Us

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, tenants, investors and sellers in the Greater Philadelphia area and beyond. Please visit our websites for information about our Philadelphia commercial real estate services for office space, retail space, medical space, investments, industrial space or land for sale or lease, or for information about other commercial real estate listings and commercial real estate services from Wolf Commercial Real Estate, the leading Philly commercial real estate broker.

Search Our Commercial Real Estate Listings

Bonduelle Americas Selects Philadelphia for New Growth Hub Office

Bonduelle Americas Selects Philadelphia for New Growth Hub Office

Bonduelle Americas has selected Philadelphia for its newest office location. As a result, the company plans to expand operations and add more than 100 jobs in the city.

The plant-based food manufacturer evaluated more than 20 markets during its site search. Eventually, the company narrowed its options to Philadelphia, Boston, Chicago, Atlanta, and Chapel Hill.

Philadelphia stood out for several strategic reasons. In particular, the city’s workforce, food industry presence, and regional connectivity helped drive the decision.

The company will occupy 27,000 square feet at 2400 Market Street through a sublease agreement. The space is being subleased from audio content company Audacy.

Bonduelle plans to use the office as a new “growth hub.” In turn, the location will support marketing initiatives, product expansion, and digital growth efforts.

The project is also expected to create significant employment opportunities. As part of the expansion, more than 100 positions are planned for the Philadelphia office.

In addition, the company secured a $500,000 Pennsylvania First grant to support the project. Consequently, state-level economic development incentives helped strengthen the relocation effort.

Philadelphia has continued attracting corporate office users seeking access to talent, transportation, and urban amenities. Meanwhile, food and consumer product companies remain active across the region.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Center City Office Conversions Expected to Drive Philadelphia’s Mixed-Use Growth

Center City Office Conversions Expected to Drive Philadelphia’s Mixed-Use Growth

Center City Philadelphia is continuing its shift toward a more mixed-use future. As a result, office conversions are expected to play a major role in reshaping downtown.

According to the latest “State of Center City” report, approximately 2 million square feet of office space is positioned for redevelopment. Most of the potential conversion activity is concentrated between City Hall and the Schuylkill River.

Historically, the central business district experienced lower activity after office workers left for the suburbs. However, residential conversions could significantly change those patterns.

As former office buildings are transformed into apartments, more residents are expected to live downtown full time. In turn, evening and weekend activity may increase across the district.

The report estimates that roughly 1,000 residential units are currently in development within the core business district. Consequently, population growth is expected to support additional retail and restaurant demand.

This transition could also strengthen connectivity between office corridors and nearby neighborhoods such as Rittenhouse Square. As a result, pedestrian activity may become more consistent throughout the day.

Meanwhile, mixed-use redevelopment continues gaining momentum across major urban markets. Philadelphia is now positioning itself to adapt older office inventory for residential and lifestyle-oriented uses.

Rather than relying solely on traditional office demand, Center City is evolving into a more balanced live-work-play environment.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

WSFS Extends Headquarters Lease at 1818 Market Street Amid Office Market Pressure

One of nation's oldest banks delivers boost to troubled Philadelphia office building

WSFS Financial Corp. has signed a long-term lease extension at 1818 Market Street. As a result, stability is being provided to a challenged Center City office asset.

The Wilmington-based firm will maintain its 96,800-square-foot headquarters in the building. In addition, WSFS remains the tower’s largest tenant.

The nearly 1 million-square-foot property has faced financial pressure in recent years. Consequently, its valuation was reduced significantly and the asset was placed into receivership.

Like many office buildings in Philadelphia, occupancy has declined over time. The tower was more than 80 percent leased in 2021. However, occupancy fell to below 70 percent by early 2025.

This decline has impacted overall performance. Net cash flow was reduced as vacancy increased. As a result, income fell short of prior underwriting expectations.

The property was acquired by Shorenstein Properties more than a decade ago. Following the acquisition, substantial capital improvements were completed. These upgrades helped increase the building’s valuation and supported refinancing efforts in 2021.

Since then, market conditions have shifted. Tenants have reduced space needs, and leasing activity has slowed. Therefore, refinancing and asset performance have been challenged across the sector.

Even so, the WSFS lease extension provides a key anchor for the building. In turn, long-term occupancy is being reinforced at the property.

More broadly, the transaction reflects the importance of credit tenants in stabilizing office assets.

*Article courtesy of Costar
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Bourse Redevelopment Dispute Escalates as Developer Partnership Breaks Down

Bourse Redevelopment Dispute Escalates as Developer Partnership Breaks Down

A legal dispute has emerged between developers Dean Adler and Bill Glazer over the Bourse redevelopment. As a result, the partnership behind the project has begun to unravel.

Emails filed in Delaware court documents show tensions escalating between the two parties. In particular, disagreements intensified after a December exchange. At the same time, project delays and unpaid contractors added pressure.

The dispute centers on the stalled redevelopment of the historic Old City property. Consequently, concerns have been raised about potential loan default risks.

Adler, head of Adler & Co., and Glazer, CEO of Keystone, have exchanged buyout proposals. However, terms have not been agreed upon. Therefore, efforts to restructure the partnership have remained unsuccessful.

In the filings, Keystone denies allegations of mismanagement. Meanwhile, the firm claims it is being improperly removed from the joint venture. As a result, a breach of contract lawsuit was filed in March.

Adler has argued that he retains authority to change development partners. In addition, a new partnership with PMC Property Group has been proposed. Consequently, a different direction for the project is being considered.

Originally, the plan called for partial conversion of the 302,000-square-foot building. A 152-room hotel and ground-floor restaurant were expected to be delivered.

The project had been targeted for completion in early 2026. However, ongoing disputes have disrupted that timeline.

Ultimately, the outcome of the litigation will determine the future of the Bourse redevelopment.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Former Show & Tel Property in South Philadelphia Sold for $2.3M

Former Adult Entertainment Property in South Philadelphia Sold for $2.3M

A South Philadelphia property long occupied by the Show & Tel strip club has been sold. As a result, a new use is expected for the site.

The building is located at 1900 South Christopher Columbus Boulevard. For more than three decades, the property was operated as an adult entertainment venue.

Recently, the business was closed by its owner. Subsequently, the building was sold for $2.3 million.

As a result, redevelopment or repositioning of the property is now anticipated. Further details regarding the future use have not yet been released.

Ultimately, the transaction marks the end of a long-standing use and the beginning of a new chapter for the site.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Philadelphia Leads U.S. in Office-to-Apartment Conversion Growth with 119% Increase

Philadelphia leads nation in office-to-apartment conversion growth

Philadelphia has emerged as the fastest-growing market for office-to-residential conversions in the United States.

Over the past year, the city’s conversion pipeline expanded from 1,200 units to 2,697 units. This marks a 119% increase between February 2025 and February 2026, according to data from RentCafe.

While larger markets still lead in total unit counts, Philadelphia recorded the most significant growth rate nationwide. Therefore, the city continues to gain traction as a leader in adaptive reuse.

Several high-profile projects are driving this surge. Most notably, the historic Wanamaker Building is undergoing a major transformation. Developers are converting the 115-year-old property into 622 residential units.

TF Cornerstone acquired the office portion of the building last summer and has already begun construction. The project is expected to be completed by mid-2028.

In addition, Centre Square is under contract for sale to local developers. Plans could introduce up to 500 residential units across the two-tower property located next to City Hall.

PMC Property Group is also advancing conversion activity. The firm secured zoning approvals to convert a portion of 1801 Market Street, also known as Ten Penn Center, into 273 apartments. Meanwhile, the remaining office space will continue to operate.

Further momentum is coming from Dwight City Group, which received permits to redevelop former Hahnemann University Hospital properties into a combined 446 residential units.

Overall, these projects reflect a broader shift in Philadelphia’s real estate landscape. As office demand evolves, developers are repositioning underutilized assets into residential opportunities. In turn, office-to-apartment conversions are playing a key role in revitalizing the city’s urban core and expanding housing supply.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Chubb Sells Old City Office for $30M Ahead of Move to New Arch Street Headquarters

Chubb Sells Old City Office for $30M Ahead of Move to New Arch Street Headquarters

Chubb has completed the sale of its longtime office property in Old City as it prepares for a major relocation within Philadelphia.

The company sold its 331,350-square-foot building at 436 Walnut Street to Extell Development for $30 million. Chubb owned the property for more than 20 years before finalizing the transaction.

This sale comes just months ahead of Chubb’s planned move to 2000 Arch Street. The company will anchor the newly developed 18-story office tower once construction is completed later this year.

Chubb originally announced plans for the new headquarters in 2022. The 438,000-square-foot project is being developed in partnership with Parkway Corp..

The relocation reflects a significant expansion of Chubb’s presence in the city. The new space is expected to accommodate approximately 1,250 additional employees. Currently, the company employs about 3,200 people in Philadelphia.

As a result, the move positions Chubb for continued long-term growth in a modern office environment. At the same time, it reinforces demand for newly constructed, amenity-rich office space in Center City.

Meanwhile, the sale of the Walnut Street property marks the end of a long-term ownership cycle. Chubb purchased the building in 2004 for nearly $29 million. Therefore, the recent $30 million sale reflects relatively stable asset pricing over that period.

Overall, this transaction highlights two key trends in today’s office market. Large occupiers continue to relocate to new, high-quality developments. In contrast, older office assets are increasingly being repositioned or traded as part of portfolio realignment strategies.

*Article courtesy of Costar
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Blank Rome Expands South Florida Presence with New West Palm Beach Office

Blank Rome Expands South Florida Presence with New West Palm Beach Office

Blank Rome expanded its South Florida presence with a new office in West Palm Beach. The firm officially opened the location on March 1.

The firm signed a sublease for 11,000 square feet at 222 Lakeview Avenue. This marks Blank Rome’s second office in South Florida.

Currently, the office includes five employees, with plans for additional hires. The firm aims to grow its presence in the region.

Notably, Mark Passler and Ryan Harding joined as intellectual property partners. Additionally, Edwin Glaser will serve as a patent agent in the office.

Several attorneys from other offices will also utilize the location. This includes Philadelphia-based partners Matthew Comisky, John Lucian, and Charles Marion.

Previously, Blank Rome established a South Florida presence in Fort Lauderdale. The firm operates an office at 500 E. Broward Boulevard with six employees.

Additionally, Blank Rome maintains a presence in Tampa with three attorneys. As a result, the firm continues expanding across Florida.

Looking ahead, leadership plans further growth in South Florida. The firm is also exploring opportunities in the Miami market.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Bourse Redevelopment Shifts From Hotel to Residential Conversion in Old City

Bourse Redevelopment Shifts

Redevelopment plans for the historic Bourse building in Old City have been revised. As a result, the previously proposed hotel component is being replaced with apartments.

Under updated plans, a portion of the 302,000-square-foot property would be converted into 85 residential units. Previously, a 152-room hotel had been planned for that space. Therefore, the project’s use mix is being significantly adjusted.

In addition, the shift could trigger a change in development partners. The existing partnership between Dean Adler and Keystone may be dissolved. Consequently, a new developer could assume responsibility for the residential conversion.

PMC Property Group is being considered to take over the apartment portion of the project. The firm is currently the largest apartment owner in Philadelphia. As a result, residential expertise would be brought into the redevelopment.

However, Dean Adler’s role in the broader project is not expected to change. Adler now operates through Adler & Co. after previously leading Lubert-Adler Real Estate Funds.

Ultimately, the updated plan reflects continued repositioning of historic assets in Old City. The Bourse redevelopment is being reshaped to align with current residential demand trends.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Centre Square Set for Major Mixed-Use Redevelopment in Center City

Centre Square Set for Major Mixed-Use Redevelopment in Center City

Centre Square is under agreement to be acquired by PMC Property Group and Dean Adler. As a result, a major redevelopment of the Center City office complex is being planned.

The 1.76 million-square-foot property sits at 1500 Market Street near City Hall. According to ownership, the distressed asset will be purchased for less than $100 million. Previously, the complex sold in 2017 for nearly $330 million.

The two-tower property has remained largely vacant in recent years. At the time of listing, the complex was 36 percent occupied. Specifically, the East Tower was 19 percent leased, while the West Tower stood at 48 percent occupancy.

Under the proposed plan, the East Tower will be converted primarily into apartments and a high-end hotel. In addition, a 300-room hotel is planned for the upper floors overlooking City Hall. Therefore, views and location are being leveraged as key selling points.

Meanwhile, portions of the West Tower will remain office space following renovations. However, much of the remaining space will be converted into residential units. Altogether, approximately 500 apartments could be created across both towers.

Wellness-focused retail is also being planned for the ground-floor spaces. Consequently, the property’s street-level activation is expected to improve.

Originally opened in 1973 with First Pennsylvania Bank as anchor tenant, Centre Square has faced financial challenges. The property has been marketed for sale since August as foreclosure proceedings advanced.

Ultimately, the redevelopment is intended to reposition Centre Square as a mixed-use destination in the heart of Center City.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.