Story thread · 3 reports / 3 sources

Center City office leasing remains strong as return-to-office rates plateau

nbcphiladelphia.com · 11dShare

Office leasing and residential conversions are gaining momentum in Center City, while return-to-office (RTO) rates have plateaued, according to a new report brief from the Center City District. On Friday, the CCD released the “Back to the Daytime Office Population: A Center City Insights” report brief examining the state of Philadelphia’s downtown office district. According to the report, Center City has seen a wave of new lease signings and renewals across multiple industries. In contrast, the office district’s daytime population has not experienced a meaningful uptick over the last two years. The report cited CoStar data showing that 2025 was the strongest leasing year of the post-pandemic period, with nearly 2.3 million square feet of office space leased in Center City. “Office leasing and neighborhood investment are moving in the right direction, but a strong data trend for buildings hasn’t yet translated into a strong data trend for daytime foot traffic,” said Prema Katari Gupta,

First report: CBRE earnings spike on data center work and best Q2 leasing ever — finance.yahoo.com, 13d