Overview
- An Aug. 25 staff email from SEC Chair Paul Atkins confirmed a 10-year renewal keeping the agency at One Penn Center through August 2035.
- The deal preserves prior terms, including roughly $1.2 million in annual rent that the landlord describes as below market.
- The SEC’s Philadelphia regional office occupies about 44,765 square feet with roughly 150 employees and received about $500,000 in renovations in 2024.
- GSA also reversed a similar decision affecting the SEC’s Los Angeles office, while outcomes for other federal spaces flagged in March remain unsettled.
- One Penn Center is about 88% occupied, and a separate 4,000-square-foot International Trade Commission office in the building may still be cut.