The newly released Quarterly Market Update Q2 2025 looks at the ever-shifting dynamics in Center City’s office market. The report brings together building performance with the latest research on leasing activity, office occupancy, the state of return to office, retail offerings and conversions within the West Market Office District to provide a holistic look at both the economic environment and the on-street experience for Center City workers. 

3 key takeaways within CCD boundaries:

• 45 leases signed through Q2 2025 YTD

• Q1 2025 office occupancy 80.4%​ - down 0.4% QoQ

• May 2025 RTO rate: 70% ​- up 6% MoM ​& 3% YoY

To learn more about these trends, and to view and download the full report, visit Quarterly Market Update Q2 2025 below.