The State of Philadelphia's Office Market
Inside Look at Leasing Activity, Space Utilization Trends And Current Opportunities In This Sector
Event Ended On: Thursday April 10 2025
Registration Questions?
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Event Host
The Lits Building
Lit Brothers department store began as a single building on the corner of 8th & Market Street in 1893. By 1907, Lit Brothers had acquired and constructed the balance of the block in 13 separate stages to unify the building as it exists today for their iconic department store.
In 1985, an affiliate of Brickstone acquired the property and undertook its certified historic rehabilitation, incorporating all-new systems while retaining the character of the first 1893 structure on 8th and market and its final 1907 expansion. The property earned the National Trust Honor Award for best large-scale commercial rehabilitation in the nation in 1989.
Commencing in 2023, Brickstone’s capital improvements include a new lobby reception desk, tenant lounge, new street level elevator lobbies, bike room and exterior awnings at street level. Brickstone's mixed-use redevelopment includes 650,000 s.f. of first-class office space occupied together with 100,000 s.f. of prime retail space. Brickstone recently welcomed Five Below’s Corporate Headquarters into the most authentic collaborative work space in the City of Philadelphia.
Present Brickstone ownership, functioning together since 1988, is comprised of eight principal partners. Brickstone offers a highly sophisticated transactional team, with decades of experience and direct, hands-on involvement in every project phase from conception to completion and thereafter, including site selection, entitlement and permitting, financing, construction management, leasing, and property management.
Speakers and Panels
The Modern Workplace
Exploring Layout, Design and Amenity Trends
Assessing Market Dynamics
Leasing Activity, Pricing and Tenants' Needs
Why You Should Attend This 2025 Philadelphia Office Event
What You'll Learn:
- In today’s market, amenities are paramount. Which additions can help owners elevate their properties?
- Companies are increasingly calling for employees to come back to the office. How is this impacting leasing activity?
- Are tenants seeking the same amount of space as they did pre-pandemic, or are new factors driving them to downsize?
- As distress in the office sector rises, how can investors seize opportunities to acquire assets at steep discounts?
- What strategies can owners of Class B and C office buildings adopt to ensure long-term viability and success?
- Outside of having office units available for lease, what can owners do to maximize their vacant space to generate revenue?
- Which recent office leases are making waves locally, and what implications do they have for the market?
- What makes office investors optimistic about the current landscape, and why are they doubling down while others shift to different asset classes?
How you'll do more business:
Enhance your business by understanding the market demand for office buildings and how investors and owners are angling to find long-term value in Philadelphia's office market. Hear from the top public and private office occupiers in the city as they speak on tenant demands and which design elements are leading to new lease commitments.
Who You'll Meet: Network with a diverse group of industry leaders, including developers, financiers, urban planners, policymakers, and real estate experts. This event is a melting pot of ideas and strategies, fostering connections and collaborations in the Philadelphia real estate market.
For questions regarding content, speaking, and sponsorship opportunities, please email our Event Producer, Joshua Piquion, at joshua.piquion@bisnow.com. To request disability-related accommodations, please contact ally.araco@bisnow.com no later than seven business days prior to the event.
Venue
The Lits Building
701 Market Street
Philadelphia, PA 19106
Parking Information:
Parkade on 8th & Filbert - Rates below
- Early Bird Special (Enter before 8AM, exit by 5PM): $17
- Up to 1 hour: $16
- Up to 2 hours: $23
- Up to 12 hours: $29
733 Chestnut (Entrance on 800 Chestnut St.) - Rates below
- Early Bird Special: $20 (Enter before 9AM, exit by 6PM)
- Up to 2 hours: $27
- Up to 24 hours: $35
8th & Market Streets (Entrance on 10 S. 8th St.) - Rates below
- Early Bird Special: $20 (Enter by 9AM, exit by 6PM)
- Up to 2 hours: $25
- Up to 24 hours: $32
Agenda
| Time | Activity |
|---|---|
|
8:00 AM 9:00 AM |
Coffee, Breakfast & Networking
|
|
9:00 AM 9:45 AM |
The Modern Workplace: Exploring Layout, Design and Amenity Trends
1.) Find out which amenities resonate most with tenants in today’s workplace environment.
2.) Uncover the trends shaping tenant expectations and how owners can adapt to meet evolving demands. |
|
9:50 AM 10:35 AM |
Assessing Market Dynamics: Leasing Activity, Pricing and Tenants' Needs
1.) Analyze the way tenants utilize space today and how this impacts the size of the space they lease.
2.) Explore the impact of current market conditions on lease terms and rates. |
|
10:35 AM 10:50 AM |
Post-Event Networking
|
Sponsors
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Want to get a recap of everything covered at the event?
Purchase the post-event summary and get the highlights sent to you in a post-event summary. Purchase here.
