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… Read more »
Posts Tagged: Philadelphia retail space
New Subsidies for East Market Project in Philly Office Space Market
The Philly office space market got a boost this week with a new infusion of subsidies for the much-anticipated East Market project in Center City Philadelphia. The state of Pennsylvania has earmarked another $2.5 million in Redevelopment Assistance Capital Program (RACP) funds and the City of Philadelphia has committed $4 million in city funds to… Read more »
Philly Office Space Vacancies Increase; Philly Retail Space Stable
Vacancies for Philadelphia office properties rose to 11.7% at the end of first quarter 2013, while Philly retail space remained unchanged from fourth quarter 2012 levels, according to a new market trend report from the Costar Group. Net absorption in the Philly office space market reached negative 285,641 square feet in the first quarter, compared… Read more »
