Posts Tagged: Philly commercial real estate

Center City Coworking Leasing Hits All-Time High in 2019

CoStar Market Insights: Philadelphia Office Fundamentals Are Benefiting As Growing Coworking Operators Move Into This Market for the First Time This week, San Diego-based flexible workspace provider CommonGrounds announced its 62,461-square-foot lease at Shorenstein’s 1700 Market, with the new location scheduled to open by the first quarter of 2020. When CommonGrounds opens the facility, it will be Center City… Read more »

Prime Philly Office Space for Lease on Rising Sun Avenue

Wolf Commercial Real Estate, the leading Philadelphia commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, is offering prime Philadelphia office space for lease at 6712-6714 Rising Sun Avenue Philadelphia PA. The asking lease price for this office space in Philly is $24.00 sf NNN. This Philadelphia office space… Read more »

Medecision Inks Deal at CrossPoint at Valley Forge

Medical Software Company Signs Sublease in Wayne, Pennsylvania Medecision, a leader in software solutions for the healthcare industry, subleased 24,726 square feet at Prime US REIT’s Class A office building at CrossPoint at Valley Forge in Wayne, Pennsylvania. The 272,360-square-foot, four-story building at 550 E. Swedesford Road was built in 1974 and renovated in 2014. The 4-Star… Read more »

Philadelphia’s Unemployment Rate Falls to 30-Year Low

CoStar Market Insights: Tight Labor Market Favors Apartment Rent Growth, but Limits Office Tenant Expansions After another month of job growth, Philadelphia’s economy has reached an important milestone. The metro area’s unemployment rate fell to 3.1% in May, the lowest level of unemployment recorded in Philadelphia since the Bureau of Labor Statistics (BLS) began publishing… Read more »

Environmental Protection Agency Inks Deal at Four Penn Center Office Tower

Environmental Protection Agency Inks Deal at Four Penn Center Office Tower

Government Agency Signs 173,000-SF Lease in Downtown Philadelphia Environmental Protection Agency leased 172,658 square feet at Treeview Real Estate Advisors’ Four Penn Center office tower in Philadelphia.The 4-Star, 522,050-square-foot building at 1600 John F Kennedy Blvd. spans three quarters of an acre across from Suburban Station. The 20-story structure was built in 1964 and renovated in 2001…. Read more »

Zarwin Baum Devito Kaplan Schaer Toddy P.C. Inks Deal at One Commerce Square

Law Firm Signs Lease at Downtown Philadelphia Office Tower Law firm Zarwin Baum Devito Kaplan Schaer Toddy P.C. subleased 29,724 square feet at One Commerce Square in downtown Philadelphia. The 1.02 million-square-foot tower at 2005 Market St. was built in 1987 and renovated in 2013. The 41-story, 4-Star building spans 1.4 acres one block from the 22nd… Read more »

Industrious Expands Philadelphia Footprint

Flexible Workspace Provider Signs Office Lease at Two Liberty Place Flexible workspace provider Industrious signed a 55,000-square-foot lease at the Two Liberty Place office tower in Philadelphia. Joyce Oh, Mid-Atlantic area manager of Industrious, said in a statement, “Industrious first entered Philadelphia in 2015 and we have continued to witness strong demand for our product…. Read more »

Coworking operator takes space in Two Liberty

Industrius, a coworking operator, has leased 55,000 square feet in Two Liberty Place, an office tower in Philadelphia. It will occupy two floors of the building at 50 S. 16th St. This will be the second Philadelphia location for the coworking operator. The company entered the market in 2015 when it leased two full floors,… Read more »