Subaru of America’s new corporate headquarters was the select top Philly office space lease signed in the fourth quarter 2014 in the Philadelphia market, according to a new report from the CoStar Group.
Subaru signed the lease for 250,000 square feet of Philadelphia office space in the Gateway Office Campus – Building 4 in the North Camden County submarket, CoStar’s Fourth Quarter 2014 Market Report said.
The next largest lease signed in the fourth quarter in the market for office space in Philly was for 62,880 square feet at Two Logan Square in the Market Street West submarket, the report noted.
Next up was Thomas Jefferson University Hospital’s lease for 43,369 square feet at 833 Chestnut East in the Market Street East submarket of the Philadelphia office space market, CoStar said.
The report also noted that Comcast Corporation signed a lease in the second quarter for 982,275 square feet at Comcast Innovation & Technology Center in the Philly office space market’s Market Street West submarket.
In comparison to the fourth quarter trends in the market for office space in Philadelphia, CoStar said the largest new leases signed in the U.S. national office space market in the fourth quarter included the 1.89 million-square-foot lease signed by Google, Inc. in the South Bay / San Jose market; Amazon’s 422,682-square-foot office lease in New York City; ServiceNow, Inc.’s deal to lease 310,346 square feet in the South Bay / San Jose market; MITRE’s lease for 270,000 square feet in the Washington market; and Subaru of America’s lease for 250,000 square feet in the Philadelphia office space market.
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