Law firm Morgan, Lewis & Bockius LLP is moving from Center City’s core business district near City Hall to a new custom-built $200 million home near the banks of the Schuylkill, a hopeful sign in a city that has seen little ground-up office construction despite demand for commercial space. Morgan Lewis has signed a lease… Read more »
Posts Tagged: Philadelphia Commercial Real Estate Broker
Akin Gump is taking 30,000 square feet at 1735 Market St. in Philadelphia
A year after purchasing 1735 Market St. in Center City, Silverstein Properties has landed international law firm Akin Gump Strauss as a tenant and expanded one of its long-term tenants in the office building to push the occupancy well north of 90%. Now at Two Commerce Square, Akin Gump signed a 16-year lease on 30,000… Read more »
Local Gene Therapy Company Signs Large Lease in Philly’s University City
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 »
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 »
Architectural firm moving HQ to Center City
Formcraft, an architectural firm based in Delaware County, has decided to relocate its headquarters to Philadelphia and bring a total of 31 jobs to the city. The move comes after the company opened a Philadelphia satellite office in 2016 in 2,800 square feet at 1515 Market St. “Our goal at that point was to get… 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 »
Philadelphia’s Market Street West Vacancies Near 10-Year Low
CoStar Market Insights: Center City Philadelphia’s Minimal New Office Construction and Rising Rents Have Local Office Owners in a Comfortable Position Heading Into Late 2019 Philadelphia’s largest office submarket, Market Street West, wrapped up the second quarter in good health. As cited in the latest Market Street West video update, the submarket’s vacancy rate is… Read more »
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 »
