Philly Office Space for Lease in Blue Bell

Wolf Commercial Real Estate, a premier Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, is now offering Philly office space for lease at 930 Harvest Drive Blue Bell PA.

This Philly professional office space for lease is in a four-story Class A office building. There is 2,000-24,742 RSF of divisible professional office space for lease in Philly at this Philly office building for lease.

The asking lease price for this professional office space in Philly is $21.75/sf gross plus electric. This Philly professional office space for lease is available through Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.

Located in a Philly office building for lease with a newly renovated building café, restrooms, and common area, there are 4,024 RSF of divisible professional office space in Philly on the first floor, 5,808 RSF of Philly office space for lease on the second floor, and 24,741 RSF of divisible Philly professional office space for lease on the fourth floor.

This Philly office building for lease at 930 Harvest Drive Blue Bell PA has responsive, on-site ownership and management and this professional office space for lease in Philly also offers a seamless, no-hassle tenant build-out process.

There is Wi-Fi available throughout the building housing this professional office space for lease in Philly. This professional office space in Philly also has an on-site day porter to immediately address tenant maintenance requests.

This Philly office building for lease at 930 Harvest Drive Blue Bell PA is now available through Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services.

There is a vending area available 24/7 at this Philly professional office space for lease and there is access to a tenant-only conference center at this professional office space for lease in Philly.

This Philly office space for lease has easy access from major highways I-476, PA Turnpike and Plymouth Meeting interchange. Parking is plentiful at this Philly office building for lease, with a ratio of 4/1,000 sf and additional parking available on an adjacent lot.

For more information about this Philly office space for lease at 930 Harvest Drive Blue Bell PA or about other Philly commercial properties for sale or lease, please contact Andrew Maristch (drew.maristch@wolfcre.com), Anthony Mannino (anthony.mannino@wolfcre.com), or Jason Wolf (jason.wolf@wolfcre.com) – or call Wolf Commercial Real Estate, a Philly commercial real estate broker, at 215-799-6900.

Wolf Commercial Real Estate is a premier Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philly commercial properties for lease or sale through our Philly commercial real estate brokerage firm.

Well-Located Philly Office Space for Lease in the Monroe Office Center

Wolf Commercial Real Estate, the foremost Philadelphia commercial real estate brokerage firm with experience in Philadelphia commercial real estate listings and services, now has available leasing opportunities at well-located Philly office space for lease in the Monroe Office Center at 1 Winding Drive Philadelphia PA.

Suites at this Philadelphia office building for lease are available in sizes ranging from 1,325 square feet to 71,000 square feet of divisible professional office space in Philadelphia. This Philadelphia office space for lease is perfect for any professional office or medical use.

The asking lease price for this professional office space in Philly is $16.00 sf modified gross plus electric. Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings and services, has been named the exclusive leasing agent for this Philly office building for lease in the Monroe Office Center at 1 Winding Drive Philadelphia PA.

Post Brothers, which owns and manages this Philadelphia office space for lease, relocated its headquarters to the Monroe Office Center in 2015, taking over approximately 15,000 square feet of this Philadelphia office building for lease. Several additional tenants also have leased space in this Philly office building for lease at 1 Winding Drive Philadelphia PA including DYK Automotive, LLC, an affiliate of Atlantic Pacific Automotive, and VT Cellular, LLC, a dealer affiliate for Metro PCS.

This Philly office space for lease sits in a secure park-like setting within the Presidential City apartment complex on the Philadelphia side of City Line Avenue, directly across from Bala Cynwyd. Presidential City is now undergoing a total renovation and repositioning to become a first-class town-center community in an excellent retail, living and work environment. The complex will feature ultramodern surroundings and contemporary designs.

This professional office space in Philadelphia is a two-story, elevator-served Philly office building for lease that provides efficient floor layouts and suites that can be fully customized according to tenant specs. This Philadelphia office space for lease features 24-hour staffed gatehouse security. This Philadelphia office building for lease also provides individual tenant signage.

This professional office space in Philly in the Monroe Office Center at 1 Winding Drive Philadelphia PA is available for immediate occupancy through Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm and the exclusive leasing agent for this Philadelphia office building for lease.

This professional office space in Philadelphia is located immediately off an exit of I-76 (the Schuylkill Expressway). The location of this Philly office space for lease provides easy access to Center City Philadelphia, the Philadelphia International Airport, Manayunk, King of Prussia and New Jersey via numerous Delaware River bridges. There are many retail centers, restaurants and hotels within walking distance of this Philly office building for lease.

This professional office space in Philly provides abundant parking in an on-site parking garage with a parking ratio of 4/1,000 sf. For commuters, this Philly office space for lease also provides convenient access to SEPTA public transportation and train service.

For more information about this Philadelphia office space for lease in the Monroe Office Center at 1 Winding Drive Philadelphia PA or about any other Philadelphia commercial properties for sale or lease, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker.

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

U.S. and Philly Office Space Experience Phenomenal Sales Year in 2015

The year 2015 was a phenomenal year for sales in the U.S. office space market, including the Philly office space market. The U.S. office market, in fact, registered its best year since 2007, thanks in part to increased demand and constrained levels of construction that led to tightening space availability in metro areas nationwide. U.S. office space net absorption surpassed 100 million square feet for the first time since the Great Recession and the U.S. office vacancy rate was down another half-percentage point for the 12-month period that ended December 31, 2015.

The downward trend in the U.S. office vacancy rate, which includes the vacancy rate for Philadelphia office space, continued in 2015, reaching 10.8%, down from 11.3% in 2014 and 13.2% at the peak of the recession, according to the CoStar Group’s recent State of the U.S. Office Market 2015 Review and Forecast. The 2015 vacancy rate for Philly office space came in a hair below the national average.

CoStar said vacancies dropped in 64% of U.S. office submarkets and 56% of metro office markets in the last quarter of 2015. Economists said the vacancy rate would continue to decline through 2016, reaching about 10% in 2017.

The investment market was particularly hot in 2015, with preliminary office asset sales soaring almost 18% to $152 billion, CoStar reported.

Atlanta, Miami and Nashville saw the biggest annual vacancy improvements, performing better than San Francisco, Seattle and Boston, a result that clearly illustrated the office market shift away from technology- and energy-driven metros that fueled the economic recovery and expansion and toward markets hit by the Great Recession’s housing bust. San Francisco’s office vacancy rate declines showed indications of slowing in the last quarter of 2015 as new office supply came to the market, the CoStar economists reported.

It was no surprise that the strongest annual occupancy gains came from Silicon Valley markets. Still, the 2015 shift away from higher occupancies in markets driven by energy or technology, gave big-tenant markets like Atlanta and Dallas a boost in occupancy results. Eight of the 13 markets with the highest year-over-year occupancy improvements were not in energy- or technology-driven markets, CoStar said.

U.S. consumers have been enjoying savings as a result of the lower gas prices, but some geographical areas and parts of the economy have been hurt by the drop in energy prices, the effect on the stock markets, and global economic turbulence, CoStar’s economists reported. Since its May 2015 peak, the S&P 500 dropped about 11%. Both weakness in energy-related stocks and a drop of more than 10% in technology stocks contributed to the S&P’s decline.

Tech markets continue to be among the nation’s most volatile, CoStar said. Markets such as San Jose, San Francisco, Boston, Raleigh, Austin and Seattle are waiting to see how lower private and public market valuations will impact hiring, CoStar said.

Recently, both Apple and Samsung Electronics warned that tech is facing a slowdown in 2016, blaming global economic instability and declining demand.

Yahoo says it will cut its workforce by another 15%, or 1,700 jobs; dispose of surplus real estate; shut down five global offices; and examine “strategic alternatives” aimed at possibly selling or spinning off its core search engine and web portal business, according to CoStar. Last month, Yahoo already had started looking for a buyer for a 48-acre tract near Levi Stadium in Santa Clara that the company had planned to use for expansion.

Notwithstanding the predicted slowdown in energy and technology, ongoing momentum from 2015’s strong performance in the U.S. office space market and the overall U.S. commercial real estate market, including the Philadelphia office space market, is expected to continue well into 2016, CoStar said.

Annual net absorption of U.S. office space rose to 101 million square feet in 2015 from 93 million square feet in 2014. Roughly 64 million square feet of U.S. office space was delivered to the market in 2015, an increase of 41% over the previous year. New office space under construction was up a modest 7% at year-end 2015, an improvement after two quarters of declines.

Annual rent growth reached 4.4% by the end of 2015, surpassing 2014’s 3.8% growth, according to the report. Rents showed particularly strength in CBDs, such as San Francisco at 19.4% and Raleigh, NC at 13.9%. Even Atlanta and Detroit’s urban core rents were up, increasing 11.2% and 10.5%, respectively.

For more information about Philly office space or other Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a premier Philadelphia commercial real estate broker that specializes in Philadelphia office space.

Wolf Commercial Real Estate is a Philadelphia commercial real estate brokerage firm, providing a full range of Philadelphia commercial real estate listings and services and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with extensive expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philadelphia office space with the Philadelphia commercial properties that best meets their needs. As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals. If you are looking for Philly office space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Philly Office Space and Overall Philadelphia Commercial Real Estate Market Remain Strong in 2015

The Philadelphia commercial real estate market enjoyed an overall strong year in 2015, with the Philadelphia office space, Philadelphia retail space and Philadelphia industrial space sectors all turning in solid performances, according to the latest quarterly market report from Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services including Philly office space, Philly retail space and Philly industrial space.

The quarterly reports Wolf Commercial Real Estate, a Philadelphia commercial real estate broker, have been expanded to include a section on transactions, rates, and news from Philadelphia and the suburbs, reflecting the firm’s 2015 expansion into southeastern Pennsylvania and the Philadelphia commercial real estate market.

Highlights from the fourth quarter on Pennsylvania and the Philadelphia commercial real estate market include:

Philadelphia remains one of the most affordable markets for Philadelphia office space, but rents are rising due to increased demand from users and investors. The year 2015 saw a record number of Class A office properties traded, and investors are expected to continue focusing on well-located, well-leased Philly office space. Class A office rents are garnering support in the range of $29.40/sf in the central business district and $25/sf in the suburbs.
The market for Philadelphia retail space is quite strong across all property types and locations and is well positioned to maintain its strength. Asking rents have been stable overall for the Philly retail space market, with sharply rising values for Center City. An ongoing expansion project at the King of Prussia Mall will transform the center into the largest shopping mall in the United States when the project is complete. The retail vacancy rate for community retail properties within the Philadelphia retail space market stood at 5.8 percent for the fourth quarter, which is below the national average of 8.1 percent. At 9.3 percent, the vacancy rate for neighborhood retail centers was somewhat higher but was the same as the sector’s national average.
The Philadelphia industrial space market experienced a strong 2015, but in the face of record-breaking positive absorption figures in 2014, the 2015 Philly industrial space market was comparatively slow, registering 149 industrial property sales totaling $563 million. But the 2015 performance was sufficient volume to retain stability in rental and vacancy rates, both of which are expected to improve as long as macroeconomic factors remain stable. Price per square-foot for Philadelphia industrial space sales rose to $41.47 in 2015, in comparison to $39.75 in the 2014.

The full quarterly report on the Philadelphia commercial real estate market, which also encompasses the South Jersey commercial real estate market is available upon request from Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philly commercial real estate listings and services

For more information about Philadelphia office space, Philadelphia retail space, Philadelphia industrial space or any Philadelphia commercial properties, please call 215-799-6900 to speak to Jason Wolf (215-588-8800-cell; jason.wolf@wolfcre.com), or Lee Fein (215-206-5580-cell; lee.fein@wolfcre.com) Anthony Mannino (215-470-6084-cell; anthony.mannino@wolfcre.com) or Drew Maristch (215-605-8018-cell; drew.maristch@wolfcre.com) at Wolf Commercial Real Estate, a Philadelphia commercial real estate broker.

Wolf Commercial Real Estate is a premier Philadelphia commercial real estate brokerage firm that provides a full range of Philly commercial real estate listings and services including Philly office space, Philly retail space, Philly industrial space and other Philadelphia commercial properties. We market commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

The future of commercial real estate in Greater Philadelphia

CEOs from Liberty Property, Brandywine Realty and PREIT give forecast for the future of commercial real estate in Greater Philadelphia.

commercial-real-estate-greater-philadelphia

Bill Hankowsky, Jerry Sweeney, and Joe Coradino shared their thoughts as part of a panel discussion today at The Philadelphia Business Journal’s first ever Economic Conference. Highlights from the event:

Office: The new trend toward more modern and open work spaces will continue to drive demand for new office construction. With city residency and millenial retention rising, the downtown area could become attractive to larger companies seeking to establish a downtown headquarters. New construction will present the challenge and opportunity of re-purposing older office stock from the 1980s.

Retail: The retail sector has moved from opening stores and collecting rents to creating holistic experiences for consumers. The internet has not signaled the death of traditional retail, with web sales still less than 10% of bricks and mortar sales. The trend toward online purchasing also presents positive opportunities for cross-marketing of traditional retailers. As online sales increase, new distribution channels will have real estate needs to fill (i.e., warehousing and logistics).

Challenges: Political uncertainty in Harrisburg and concern over the direction of taxes and public policy are the biggests challenges to commercial real estate in Greater Philadelphia.

To learn more about the future of commercial real estate in Greater Philadelphia please visit the Website of Wolf Commercial Real Estate.

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Premier Philly Office Space for Lease at 1 Winding Drive

Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker that specializes in Philadelphia commercial real estate listings and services, is now offering premier Philly office space for lease at 1 Winding Drive Philadelphia PA.

Located in the Monroe Office Center, this Philadelphia office space for lease features suites in various sizes that are ideal for any professional office or medical use. There is between 1,325 square feet and 71,000 square feet of divisible professional office space in Philly at this Philadelphia office building for lease.

The asking lease price for this professional office space in Philadelphia is $16.00 sf modified gross plus electric. Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services, is the exclusive leasing agent for the Monroe Office Center at 1 Winding Drive Philadelphia PA.

This Philly office space for lease is owned and managed by Post Brothers, which is now headquartered in the Monroe Office Center. Other tenants in this Philly office building for lease include DYK Automotive, LLC, an affiliate of Atlantic Pacific Automotive, and VT Cellular, LLC, a dealer affiliate for Metro PCS.

This professional office space in Philly at 1 Winding Drive Philadelphia PA is a two-story, elevator-served Philadelphia office building for lease that is located in a secured park-like setting within the Presidential apartment complex just off City Line Avenue on the Philadelphia side of the street. The Presidential City apartment community is currently in the midst of a complete renovation and repositioning. Once completed, Presidential City will be a first-class town-center community offering an excellent retail, living and work environment. The entire complex will offer ultramodern surroundings and contemporary designs throughout.

The Philadelphia office space for lease in the Monroe Office Center at 1 Winding Drive Philadelphia PA features efficient floor layouts and suites that can be fully customized per tenant specs. There is 24-hour staffed gatehouse security at this professional office space in Philadelphia.

Suites in this Philly office building for lease are available for immediate occupancy exclusively through Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services.

At a ratio of 4/1,000 sf, there is ample free parking in the on-site parking garage at this Philadelphia office building for lease. Signage also is available to tenants at this professional office space in Philly.

Located just off City Line Avenue, this Philly office building for lease in the Monroe Office Center at 1 Winding Drive Philadelphia PA is situated immediately off an exit of I-76 (the Schuylkill Expressway). This Philadelphia office space for lease is within walking distance of numerous retail centers, restaurants and hotels.

This professional office space in Philadelphia is convenient to Center City Philadelphia, the Philadelphia International Airport, Manayunk, King of Prussia and New Jersey via numerous Delaware River bridges. This Philadelphia office building for lease also has easy access to SEPTA public transportation and train service.

For more information about this Philly office space for lease in the Monroe Office Center at 1 Winding Drive Philadelphia PA or about any other Philadelphia commercial properties for sale or lease, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) or Leor Hemo (leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, the foremost Philadelphia commercial real estate broker.

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Prime Philly Office Space for Lease at 4 Neshaminy Interplex Trevose PA

Wolf Commercial Real Estate, a premier Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, now has available prime Philly office space for lease at 4 Neshaminy Interplex Trevose PA.

There is one suite with approximately 4,482 square feet of Philadelphia office space for lease available in the Neshaminy Interplex 4 at 4 Neshaminy Interplex Trevose PA. This professional office space in Philly has been newly renovated.

The asking lease price for this professional office space in Philadelphia is $17.50/sf plus electric. This Philly office space for lease is being offered for immediate occupancy by Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services. This Philadelphia office space for lease is available as a subleased property with a lease term expiring November 2017.

This professional office space in Philly in the Neshaminy Interplex 4 features landscaped courtyards, seating areas and well-lighted walkways. There also is both lobby and suite signage available at this professional office space in Philadelphia.

With a ratio of 4.00/1,000 sf, parking is plentiful at this Philly office space for lease through Wolf Commercial Real Estate, a Philly commercial real estate broker with expertise in Philly commercial real estate listings and services. The Pennsylvania Turnpike and I-95 are in close proximity to this professional office space in Philadelphia.

More than 276,000 residents live within five miles of this professional office space in Philly at 4 Neshaminy Interplex Trevose PA. The average household income within the same five-mile radius of this Philadelphia office space for lease is $78,691.

For more information about this Philly office space for lease in the Neshaminy Interplex 4 at 4 Neshaminy Interplex Trevose PA or about other Philly commercial properties for sale or lease, please call 215-799-6900 or contact Leor Hemo (cell 215 514 1750; leor.hemo@wolfcre.com) or Jason Wolf (cell 215 588 8800; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate broker.

Wolf Commercial Real Estate is the foremost Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philly commercial properties for lease or sale through our Philly commercial real estate brokerage firm.

Prime Philly Office Space for Lease in the Monroe Office Center

Wolf Commercial Real Estate, a premier Philadelphia commercial real estate brokerage firm with expertise in Philadelphia commercial real estate listings and services, now has available prime Philly office space for lease in the Monroe Office Center at 1 Winding Drive Philadelphia PA.

This Philadelphia office space for lease features suites ranging in size from 2,000 to 71,000 square feet of divisible Philly office space for lease. The asking lease price for this professional office space in Philadelphia is $16.00 sf modified gross plus electric.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker that specializes in Philadelphia commercial real estate listings and services, was appointed exclusive leasing agent for the Monroe Office Center at 1 Winding Drive Philadelphia PA in June.

This Philadelphia professional office space for lease is owned by Post Brothers, which has relocated its headquarters to approximately 15,000 square feet in the Monroe Office Center. Among other tenants that have recently leased space in this Philadelphia office building for lease at 1 Winding Drive Philadelphia PA are DYK Automotive, LLC, an affiliate of Atlantic Pacific Automotive, and VT Cellular, LLC, a dealer affiliate for Metro PCS.

This two-story, elevator-served Philadelphia office space for lease is located within the Presidential City Complex on the Philadelphia side of City Line Avenue. This professional office space in Philadelphia is directly across from the desirable Bala Cynwyd submarket and immediately off the I-76 exit at Presidential Boulevard. At a ratio of 4/1,000 sf, parking in the two-and-one-half-level structure at this Philadelphia professional office space for lease is ample.

This Philadelphia office building for lease at 1 Winding Drive Philadelphia PA in the Monroe Office Center offers tenants highly efficient suite layouts. There also is secured 24/7 gate access at this professional office space in Philadelphia. Suites in this Philadelphia office building for lease are available for immediate occupancy exclusively through Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services.

Tenants in this Philadelphia professional office space for lease will be within the premier walkable town center environment at Presidential City Complex with access to numerous upscale residential communities, retail centers, restaurants, hotels, and other nearby amenities.

For more information about this Philadelphia office space for lease in the Monroe Office Center at 1 Winding Drive Philadelphia PA or about any other Philadelphia commercial properties for sale or lease, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) or Leor Hemo (leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker.

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Local Market Remains Steady despite National Economic Volatility

While the national economy was affected by turmoil in the global markets, the Philadelphia commercial real estate market continued its progress for another quarter, according to the latest quarterly analysis from Wolf Commercial Real Estate, a premier Philadelphia commercial real estate broker that specializes in Philly commercial real estate listings and services, including Philly office space and other Philadelphia commercial properties.

An expected summer slow-down did slow the pace of transactions, but overall growth, expansion, and positive absorption stayed on track said the report from this Philly commercial real estate brokerage firm. Healthcare, insurance, financial services, defense contracting, and technology companies led the way.

“As in the past several quarters, we saw a healthy volume of transactions due to business expansion and improving job growth during the third quarter,” said Jason Wolf, founder and managing principal of Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm.. “We also saw an uptick in deal activity among small and mid-size businesses, which is welcome good news that the market had been waiting for.”

The report from this Philly commercial real estate broker details many factors contributing to continued strength in the market, including large and small lease deals, the beginning of new construction activity, several investment acquisitions of office properties, and continued repositioning among the area’s REITs.

According to the report issued by Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm with expertise in Philadelphia commercial real estate listings and services, including Philadelphia office space and other Philly commercial properties, this repositioning also covers the latest coup for the GROW NJ program, a recently announced 1.7 million square-foot mixed use development along the waterfront in Camden, NJ.

According to Wolf Commercial Real Estate, the third quarter posted approximately 477,983 of new leases and renewals executed in the Philly commercial real estate market. This is a nearly 20 percent improvement over the third quarter a year ago. New tenant leases consisted of approximately 280,360 square feet, and renewals and expansions made up approximately 197,623 square feet. New leasing activity represented approximately 58.7% of all deals for the quarter.

Overall, gross absorption for Q3 is in the range of approximately 233,610 square feet. In addition to the consummated deals, this section of the report from the Philadelphia commercial real estate broker that specializes in Philadelphia commercial real estate listings indicated a pipeline of approximately 350,000 square feet of significant pending lease deals expected to close in the near term.

Other office market highlights in the analysis from Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, including Philly office space and other Philadelphia commercial properties:

Overall vacancy in the market continues to drop, and is now down to approximately 12.15 percent, an improvement of three quarters of a point over the previous quarter. Vacancy in Burlington County is now down to 8 percent, while in Camden County it stands at 16.3 percent.
The majority of leasing activity for the third quarter was comprised of deals ranging in size from 3,000-80,000 square feet.
Average rents for Class A & B product continue to show strong support in the range of $10.00-$13.00/sf NNN or $21.00-$23.00/sf gross, with an overall market average showing strong support in the $10.00-$13.00/sf NNN or $20.00-$23.00/sf gross for the deals completed during the quarter. Rents have remained stable.

The full report is available upon request from Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, including Philadelphia office space and other Philadelphia commercial properties.

For more information about Philly office space, Philly retail space or any Philly commercial properties, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a Philadelphia commercial real estate broker.

Wolf Commercial Real Estate is a premier Philly commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services that include Philadelphia office space and other Philadelphia commercial properties. Wolf Commercial Real Estate markets commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Prime Philly Office Space for Lease in the Neshaminy Interplex Business Center

Wolf Commercial Real Estate, a premier Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, now has available prime Philly office space for lease in the Neshaminy Interplex Business Center at 4 Neshaminy Interplex Trevose PA.

There is one suite at this Philly office building for lease at 4 Neshaminy Interplex Trevose PA of approximately 4,482 square feet of Philly professional office space for lease. This office space for lease in Philly at 4 Neshaminy Interplex Trevose PA is a subleased property with a lease term that expires on November 30, 2017.

The asking lease price for this professional office space in Philly in the Neshaminy Interplex Business Center at 4 Neshaminy Interplex Trevose PA is $17.00/sf plus electrical and janitorial. This Philly office space for lease is being offered by Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.

This office space for lease in Philly has onsite ownership and management. This professional office space in Philly is in walking distance to restaurants and food services. The 274-room Radisson Hotel is nearby this Philly professional office space for lease at 4 Neshaminy Interplex Trevose PA.

There is a child care center and Interplex Fitness Center at this professional office space in Philly from Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services. This Philly office space for lease is located in close proximity to I-95 and the Pennsylvania Turnpike.

For more information about this Philly professional office space for lease at 4 Neshaminy Interplex Trevose PA or about other Philly commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate broker.

Wolf Commercial Real Estate is the foremost Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philly commercial properties for lease or sale through our Philly commercial real estate brokerage firm.