Tag Archives: Office Insights

Office Highlights from the Philadelphia CBD and Suburbs

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Office Highlights for the Philadelphia CBD and Suburbs

If you’re examining Philadelphia’s Q1 office activity, published by JLL this April,  it seems that the CBD may be experiencing a calm before the storm:

  • Absorption remained sluggish due to the prevalence of small deals, modest tenant expansion, and key departures such as Dow from 100
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What went on in the ‘burbs during Q3?

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Large deals made headlines in the third quarter of 2015, according to JLL’s Office Statistics and Insights, released in October:

Four investment sales took place totaling more than $211.5M in the King of Prussia/Wayne area.

  1. CrossPoint at Valley Forge, a recent redevelopment project at 550 E. Swedesford Road, sold for $328 per square foot, topping last year’s high watermark of 1000 Continental Drive by $22 per square foot.
  2. Liberty Property Trust continued its exit
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