The office buildings facing the most vexing challenges are those with the lowest occupancy and highest debt. In Philadelphia, a prime example is the hulking Wanamaker Building, just east of City Hall. The office portion of this historic building is only 23% occupied and has been in receivership since September. Its historic status restricts renovation options, and its large size, occupying an entire city block, adds to the complexity.
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.
Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.
