Despite a sluggish third quarter in the Philadelphia CBD, our office market is about to reach a tipping point.
After falling 2.4% from Q2 levels, rents stabilized around $30 per square foot throughout Q3. This subdued market is notable, considering the city and region posted their strongest job growth in years and the current… Read More
Our clients, colleagues, and the media ask us all the time – where is the future of real estate headed, and how can I stay ahead of the curve? To begin answering that question, JLL hosted an event at The Logan Hotel on October 3: “Disruptive… Read More
In case you missed it, JLL and Delle Donne and Associates have formally announced the development of a new trophy office tower at The University of Delaware’s Science, Technology and Advanced Research (STAR) Campus. Since renderings began circulating and… Read More
After undergoing major renovations, ‘Westlakes’ is open for business! Take it from us, this one-of-a-kind campus is going to make waves in the suburban market. How do we know that? Because JLL is not just the leasing agent, but a Westlakes tenant ourselves.
The owner, Keystone Property Group, likes… Read More
Everyone is talking about 1601 Market Street. With sleek glass, bright lights, and striking signage, the building’s design captivates you immediately. The boldest statements, however, are made on the inside with aesthetics, amenities, and award-winning features that are not just modern but quintessentially “Philly.”
It’s an exciting time for Philadelphia, and no firm knows that better than us.
“There’s a real buzz here,” says Mike McCurdy, managing director of the Philadelphia market. “Cranes are everywhere, and new retailers are coming in. Millennials through Baby Boomers are moving downtown, while key suburban markets remain strong. It’s the best economy I’ve seen in my 30-year real estate career here.”
Why here? Why now?
Philadelphia has historically maintained a fairly stable economy—never… Read More
Year-end results proved that economic expansion has reached a tipping point in many markets across the U.S, pushing rental rates to pre-recession levels. Activity is now spreading beyond West and Northeast into Sun Belt markets on the heels of demographic, financial and professional business services growth.
What other trends have we seen and what do they mean for 2016?
The U.S. economy continued to expand in 2015 through both employment and output, despite