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 »
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 »
Market Stat: Center City Office Rent Growth Outpaces Manhattan, Downtown Boston and the District of Columbia on a Year-Over-Year Basis The Central Business Districts of global gateway markets such as New York, Washington, D.C., and Boston, have long been perceived as the powerhouses for office rent growth in the Northeastern U.S. But that dynamic appears… Read more »
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 »
CoStar Market Insights: Office Availabilities Reach 10-Year High in Philadelphia’s Horsham/Willow Grove Submarket The share of Horsham/Willow Grove’s office stock listed as available for lease rose to 15% last quarter, the highest level recorded there since CoStar began tracking the figure in 2005. Toll Brothers was the largest single contributor to the recent rise in… Read more »
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 »
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 »
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 »
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 »
Silverstein Properties Inc. has closed on the $451.6 million purchase of BNY Mellon Bank Center, a 54-story, 1.3-million-square-foot office trophy office building in Center City. Silverstein, a New York real estate firm, bought the property in a venture with Arden Group of Philadelphia, and Migdal Insurance, an Israeli-based insurance company and pension fund manager. This… Read more »
