Philadelphia has emerged as the fastest-growing market for office-to-residential conversions in the United States. Over the past year, the city’s conversion pipeline expanded from 1,200 units to 2,697 units. This marks a 119% increase between February 2025 and February 2026, according to data from RentCafe. While larger markets still lead in total unit counts, Philadelphia… Read more »
Centre Square is under agreement to be acquired by PMC Property Group and Dean Adler. As a result, a major redevelopment of the Center City office complex is being planned. The 1.76 million-square-foot property sits at 1500 Market Street near City Hall. According to ownership, the distressed asset will be purchased for less than $100… Read more »
In Center City West, numerous developments are under construction or are in planning stages. At 60 North 23rd Street, the two-tower Riverwalk complex stands next to the Schuylkill River. Designed by Gensler and developed by the PMC Property Group, the north tower stands 315 feet tall and 28 stories, while the south tower stands 363 feet tall and 32 stories high. The project… Read more »
