Category Archives: Retail

Philadelphia’s Market East Named Most Affordable and Desirable Retail Corridor

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 Philadelphia’s Market East Named Most Affordable and Desirable Retail Corridor 1

This May, JLL launched our first-ever City Retail Report with the goal of analyzing the most promising retail destinations across the country. We are excited (though not surprised) to say that Philadelphia came out on top! Thanks to… Read More

Modern Meets Market @ 1601

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1601 Market Street Philadelphia ExteriorEveryone 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.”

 

 

Thanks in part to… Read More

The State of Our Market

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Urban Land Institute’s 2016 Emerging Trends in Real Estate Outlook recommends, “Look to key secondary markets.” And many are following this advice.

Statistics to consider:

  • Philadelphia notched $9 billion in office transaction volumes around the region in 2015, up 44 percent year-over-year.
  • Nearly 30 million square feet is currently under development across all asset classes.
  • More than 100,000 millennials have moved to the city since 2006, representing a 6.3 percent increase in share of population
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A Valuable Real Estate Partner in Philadelphia’s Booming Economy

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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