Office

Centre Square - West Tower

1500 market st philadelphia, pa, 19102, philadelphia, PA 19102

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence

Low

$30.60/SF

Mid

$36.00/SF

High

$41.40/SF

Tier Used

peer_city_transfer

Transferred from peer market denver (similarity: 89%) with 11 comparable listings.

Peer market: denver (89% similarity)

Tier Resolution Trace

Tier 1insufficient_data

Tier 2insufficient_data

Tier 3insufficient_data

Tier 4successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$36.00/SF	—	peer_city_transfer
Utilities	—	0.3¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1570/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
Peer City Transfer	economic_similarity	11	—	real-time	denver (89%)

Data sources used

peer_city_transfer

Description

Executive Managing Director/Philadelphia Market Director and Broker Lead

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

1500 market st philadelphia, pa, 19102, philadelphia, PA 19102

Leaflet © OpenStreetMap contributors

Market Context

Projected current pricing

indicative confidence

Projected asking rent

$38.32/SF/yr

Estimated sale value

$196–$332/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Philadelphia office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2025 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat).

View the full Philadelphia Office market report →

Compare it against other office listings for sale in Philadelphia, PA to benchmark pricing and space — view the full market.

Unified Estimate

Very Low Confidence

$30.60/SF-$41.40/SF

Mid: $36.00/SF

Cost-of-business estimate only; rate estimator unavailable.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market denver (similarity: 89%) with 11 comparable listings.

Sale Price History

2000 – 2026 · county sold comps + market trendsFIPS 42101

High Confidence

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.