Three Philadelphia commercial real estate investors have quietly purchased buildings in the Philly office space market in Center City’s east end, investing over $300 million in what they believe will be the next hot market in Philadelphia, according to the Philadelphia Business Journal. Keystone Property Group and Mack-Cali Realty Corp., which acquired the Curtis Center… Read more »
Posts Categorized: Philly Office Space
Philly Office Space Deliveries, Construction and Inventory
The Philly office space market saw the completion of five new office buildings totaling 131,624 square feet in the first quarter of 2014, according to a new market trend report just released by the CoStar Group. In comparison, deliveries in the Philadelphia office space market in the fourth quarter 2013 totaled 457,209 square feet in… Read more »
Philly Office Space Vacancy Rate Rises
The vacancy rate for the Philly office space market increased in the first quarter 2014, ending the quarter with a Philadelphia office space vacancy rate of 11.2% , according to a new market trend report from the CoStar Group. The vacancy rate rose over the previous quarter, the report said, with net absorption totaling negative… Read more »
WCRE First Quarter Report: Heavy Snow Did Not Dampen First Quarter Commercial Real Estate Activity In Southern New Jersey
April 7, 2014 – Marlton, NJ – The second snowiest winter on record couldn’t stop the enthusiasm in the regional commercial real estate markets, according to the latest quarterly report by Wolf Commercial Real Estate (WCRE). Driven by job gains and growth in some industries, the region bounced back from the slight slow-down of the… Read more »
New Lease Signings for Philly Office Space
The select top office lease signed during the fourth quarter 2013 in the Philly office space market was at 1801 Augustine Cut-Off in the North New Castle County submarket, according to a market trend report from the CoStar Group. The landlord for this 190,823-square-foot deal in the Philadelphia office space market was represented by Capano… Read more »
Philly Office Space Grows in Fourth Quarter
The Philly office space market grew by 374,040 square feet in the fourth quarter 2013 with the completion of five office buildings in the Philadelphia market area, according to a new market trend report from the CoStar Group. In comparison, four buildings totaling 24,500 square feet of Philadelphia office space were completed in the third… Read more »
Philly Office Space Vacancy Rate Declines
The Philly office space vacancy rate declined in the fourth quarter 2013, ending the quarter with a Philadelphia office space vacancy rate of 11.2%, according to a new market trend report from the CoStar Group. The vacancy rate for office space in Philadelphia was down over the previous quarter, the report said, with net absorption… Read more »
Fourth Quarter Report: South Jersey Commercial Real Estate Market Primed for Strong 2014
Despite moderation in leasing activity in fourth quarter 2013, the South Jersey commercial real estate market experienced an overall strong year that has the market primed for an even better 2014, according to a new quarterly market analysis from Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm that specializes in South… Read more »
New Philly Office Space Introduced with Completion of Three Philadelphia Office Buildings
Three new Philadelphia office buildings were completed in the third quarter 2013, introducing a total of 61,700 square feet of new Philly office space to the market, according to a new market trend report from the Costar Group. In comparison, three Philadelphia office buildings totaling 33,100 square feet were completed in the second quarter 2013,… Read more »
Philly Office Space Vacancies Decrease
Vacancies for Philadelphia office properties dropped to 11.5% at the end of the third quarter 2013, a decrease over the previous quarter, according to a new market trend report from the Costar Group. Net absorption in the Philly office space market was positive 193,270 square feet in the third quarter, compared to positive 786,597 square… Read more »
