Posts Categorized: Wolf Commercial Real Estate

Developers Acquire Center City East End Buildings In Philly Office Space Market

Three Philadelphia commercial real estate investors have quietly purchased buildings in the Philly office space market in Center City’s east end, investing over $300 million in what they believe will be the next hot market in Philadelphia, according to the Philadelphia Business Journal. Keystone Property Group and Mack-Cali Realty Corp., which acquired the Curtis Center… Read more »

Philly Office Space Deliveries, Construction and Inventory

The Philly office space market saw the completion of five new office buildings totaling 131,624 square feet in the first quarter of 2014, according to a new market trend report just released by the CoStar Group.  In comparison, deliveries in the Philadelphia office space market in the fourth quarter 2013 totaled 457,209 square feet in… Read more »

Philly Office Space Vacancy Rate Rises

The vacancy rate for the Philly office space market increased in the first quarter 2014, ending the quarter with a Philadelphia office space vacancy rate of 11.2% , according to a new market trend report from the CoStar Group. The vacancy rate rose over the previous quarter, the report said, with net absorption totaling negative… Read more »

New Lease Signings for Philly Office Space

The select top office lease signed during the fourth quarter 2013 in the Philly office space market was at 1801 Augustine Cut-Off in the North New Castle County submarket, according to a market trend report from the CoStar Group.  The landlord for this 190,823-square-foot deal in the Philadelphia office space market was represented by Capano… Read more »

Philly Office Space Grows in Fourth Quarter

The Philly office space market grew by 374,040 square feet in the fourth quarter 2013 with the completion of five office buildings in the Philadelphia market area, according to a new market trend report from the CoStar Group. In comparison, four buildings totaling 24,500 square feet of Philadelphia office space were completed in the third… Read more »

Philly Office Space Vacancy Rate Declines

The Philly office space vacancy rate declined in the fourth quarter 2013, ending the quarter with a Philadelphia office space vacancy rate of 11.2%,  according to a new market trend report from the CoStar Group. The vacancy rate for office space in Philadelphia was down over the previous quarter, the report said, with net absorption… Read more »

Philly Office Space Vacancies Decrease

Vacancies for Philadelphia office properties dropped to 11.5% at the end of the third quarter 2013, a decrease over the previous quarter, according to a new market trend report from the Costar Group. Net absorption in the Philly office space market was positive 193,270 square feet in the third quarter, compared to positive 786,597 square… Read more »