The suburban exodus continues for Liberty Property Trust

0 CommentBy

Liberty Property Trust is continuing to migrate from the Suburban Philadelphia office market.  In Q4, it sold a 41-property portfolio to first-time buyers Workspace Property Trust, a joint venture between Rizk Ventures, EverWatch Capital, Forum Partners and the JMP group. The portfolio was 84.3 percent leased at the time of sale with increased rent costs on the horizon.

What does this mean? New competition in the market.

Liberty Property Trust