 | Philly's Turn to Shine
The supply-demand imbalance in Philadelphia metro office space is making many owners, investors, and developers happy. More jobs continue to be created, and there just isn't enough attractive office space to meet current needs.
As a result, CBRE Econometric Advisors forecasts our region to experience the second-fastest increase in average rents of any major metro market in the nation over the next two years. The connection with the record-breaking pace of office building sales is not coincidental. For tenants, it should continue to prove difficult, in the near-term, to find attractive spaces at good deals.
Two-Year Office Market Rent Growth Forecast
(Avg. Annual Rates; Metro Office Markets > 50 MSF inventory; source: CBRE-EA)
WeWork opens first of three locations in Central Philadelphia; an inside peek at their NoLibs location.
Qlik of Radnor gets acquired; outlook for growth uncertain.
Occupiers already beginning to re-evaluate for 2019 new FASB standards.
Small tenants added at former Bok building in South Philly.
Talen Energy of Allentown to be acquired.
Chinese manufacturer growing rapidly in Lehigh Valley.
More warehouses planned for northern York County.
Lancaster County warehouse growing with Zika threat.
Onslaught of new supply beginning to affect NY and San Francisco multifamily markets.
$17.85 million condo at 500 Walnut breaks new pricing record.
Buccini/Pollin to assume Old City's National apartment project.
Getting a $100 per month not to drive at this multifamily project.
Just a plain bad jobs report in May.
Fed's Beige Book reports "modest growth" in Philadelphia region.
Consumer spending surges in latest report.
Bye, bye hedge funds; hello, real estate. MetLife charts new course.
NorthStar and Colony Capital to merge.
CMBS late-pays rise for a third month, but still small.
KBS to put $3.9 billion up for sale.
Q1 2016 Greater Philadelphia Retail MarketView
Q1 2016 Greater Philadelphia Industrial MarketView
Q1 2016 Greater Philadelphia Office MarketView
Wilmington's Flight to Quality
The New Landlords of the City
Dramatically Changing Suburban Office Dynamics
The Rise of the Shared Workplace in the Sharing Economy
2016 North America Seaport & Logistics Annual Report
Global & Emerging Logistics Hubs Philadelphia and the Pennsylvania Logistics Corridor featured.
Global Luxury Retail: A Divergent Market Is luxury immune to the twists and turns of the global economy?
Surging Demand for Urban Retail Groundbreaking analysis into Center City's retail market.
Beyond the Walls: How Law Firms Are Transforming Their Office Spaces
The Coworking Revolution Knowledge workers cluster in dynamic spaces
Tech Trek: A Walk Through Some of Philadelphia’s Top Tech Clusters
“Spring being a tough act to follow, God created June.”
— AL BERNSTEIN
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