How many Class A submarkets are in Philadelphia?

5, ranging from trophy (Center City West) down to established and emerging clusters.

Philadelphia has 5 distinct Class A submarkets we track, anchored by Center City West at the trophy tier.

5 submarkets covered.
Trophy tier: Center City West, University City / Schuylkill Yards.
Prime tier: Center City East, Navy Yard.
Established/emerging tier: King of Prussia & Conshohocken.

Philadelphia Class A submarkets

Philadelphia has 5 distinct Class A submarkets we track, anchored by Center City West at the trophy tier.

TL;DR

5 submarkets covered.
Trophy tier: Center City West, University City / Schuylkill Yards.
Prime tier: Center City East, Navy Yard.
Established/emerging tier: King of Prussia & Conshohocken.

By tier

**Center City West** (trophy, ~$54/sqft/yr) — The trophy financial spine. **Center City East** (prime, ~$46/sqft/yr) — Avenue of the Arts trophy stock. **University City / Schuylkill Yards** (trophy, ~$50/sqft/yr) — Life sciences and tech corridor. **Navy Yard** (prime, ~$42/sqft/yr) — Master-planned campus on the Delaware. **King of Prussia & Conshohocken** (established, ~$32/sqft/yr) — Suburban trophy belt along I-76.

Key facts

city	Philadelphia
country	United States
region	Americas
classARentLocal	38 USD/sqft/yr
classARentUsd	$38/sqft/yr
vacancy	21.6%
typicalLeaseYears	10
typicalRentFreeMonths	14
submarkets	5
primeYieldPct	6.9%
trophyCount	2
primeCount	2

Frequently asked questions

How many Class A submarkets are in Philadelphia?: 5, ranging from trophy (Center City West) down to established and emerging clusters.

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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