Tag Archives: philadelphia offices

Up, Up, and Away for Philadelphia CBD

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Philadelphia CBD

It’s up, up, and away in the Philadelphia CBD with office rents on the rise and absorption turning positive.

The new year started quietly in Center City with leasing activity down but absorption trending upward into positive territory. (At the time of this post, clocking in at 46,594 SF.)

Notably, Q1 was… Read More

Philadelphia New Construction is the Northeast’s Biggest Bargain, but Availability May Be Destined to Dwindle

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Philadelphia new construction

Across the country, tenants expect – and are often willing – to pay a premium for new construction. The rent gap between existing buildings and new deliveries, however, can vary widely from place to place with certain markets standing out as more affordable than their neighbors. In the Northeast, JLL has… Read More

In Philly Tech, Leasing and Talent are on the Rise

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If you’ve been following the tech boom in recent years, you may have noticed a trend: tech companies are real estate’s #1 office customer, and as we rely more and more on the innovations coming out of these offices, we can reasonably say that this is no bubble. Rather, it represents a complete shift in the way we do business.  

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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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