Across the globe, Philadelphia is known more for its homegrown hip hop giants and boxing greats than for its long history of health sciences innovation. But as the home of the United States’ first teaching hospital, surgical amphitheater and medical library, Philadelphia continues to build on its legacy as a healthcare powerhouse. Since late 2018,… Read more »
Posts Tagged: Philadelphia commercial properties
Philly Office Space Vacancy Rate Among Lowest in U.S.
Philadelphia’s office market is rounding out 2019 in good health. Thanks in large part to minimal levels of new construction, the vacancy rate in the Philadelphia commercial real estate market remains among the lowest of any major market in the U.S., and tighter than current vacancy levels in Chicago, Los Angeles and Washington, D.C. Leasing… Read more »
Philly Office Space for Lease at 6712-6714 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 well-located 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 »
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 »
Prime Philly Office Space to Sublease at 2 Penn Center
Wolf Commercial Real Estate, the leading Philly commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services, is offering prime Philly office space to sublease in 2 Penn Center at 1500 John F. Kennedy Boulevard Philadelphia PA. This Philly professional office space – located in the heart of the Philadelphia… Read more »
Aramark Inks Deal at Downtown Philadelphia Office Tower
Food Service, Facilities and Uniform Services Provider Signs 16,000-SF Lease Aramark, a food service, facilities and uniform services provider, signed a 15,857-square-foot lease at Nightingale Properties’ and Carlton Associates’ Class A office tower in Philadelphia, according to CoStar Research. The 686,503-square-foot, 29-story structure at 1835 Market Street was built in 1986 and renovated in 1997…. Read more »
Philadelphia Independence Hall Office Space Market Heating Up
Early signs may be surfacing of a resurgence in Independence Hall’s office market in Philadelphia. Throughout 2015 and 2017 Independence Hall was an outlier with noticeably higher vacancies than other submarkets in and around the Philadelphia office space central business district (CBD) such as Market Street West and University City. These higher vacancies were caused… Read more »
A Closer Look at Center City Philadelphia’s Tightest Office Micro Markets
Most Philadelphia office space brokers and investors consider Market Street West – the portion of Market Street running from City Hall to 21st Street – as Center City’s premier office district, and with good reason. Public transit access is exceptional along that corridor, which is home to more than 12 million square feet of Philly… Read more »
U.S., Philly Office Markets Expected to Grow Throughout 2018
The U.S. office market, including Philly office space property, continued to benefit from strong fundamentals going into 2018, despite continued deceleration in net absorption, occupancy, and rental rate growth. With robust corporate profits and continued office-using job growth, that trend is expected to hold through the year as the recently approved tax cuts and expected… Read more »
Centre Square – Philly’s “Clothespin” Building – Sold for $328 Million
Centre Square, the 1500 Market Street Philly office space complex best known for Claes Oldenburg’s giant “Clothespin” art sculpture in its front plaza, was sold for $328 million this month to New York-based Nightingale Properties, according to Philly.com. The website called the deal the largest office transaction based on square footage in Philadelphia office space… Read more »
