Posts Tagged: Philadelphia commercial properties

Prime Philly Office Space to Sublease at 2 Penn Center

Wolf Commercial Real Estate, the leading Philly commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services, is offering prime Philly office space to sublease in 2 Penn Center at 1500 John F. Kennedy Boulevard Philadelphia PA. This Philly professional office space – located in the heart of the Philadelphia… Read more »

Aramark Inks Deal at Downtown Philadelphia Office Tower

Aramark new Building

Food Service, Facilities and Uniform Services Provider Signs 16,000-SF Lease Aramark, a food service, facilities and uniform services provider, signed a 15,857-square-foot lease at Nightingale Properties’ and Carlton Associates’ Class A office tower in Philadelphia, according to CoStar Research. The 686,503-square-foot, 29-story structure at 1835 Market Street was built in 1986 and renovated in 1997…. Read more »

Philadelphia Independence Hall Office Space Market Heating Up

Early signs may be surfacing of a resurgence in Independence Hall’s office market in Philadelphia. Throughout 2015 and 2017 Independence Hall was an outlier with noticeably higher vacancies than other submarkets in and around the Philadelphia office space central business district (CBD) such as Market Street West and University City. These higher vacancies were caused… Read more »

A Closer Look at Center City Philadelphia’s Tightest Office Micro Markets

Most Philadelphia office space brokers and investors consider Market Street West – the portion of Market Street running from City Hall to 21st Street – as Center City’s premier office district, and with good reason. Public transit access is exceptional along that corridor, which is home to more than 12 million square feet of Philly… Read more »

U.S., Philly Office Markets Expected to Grow Throughout 2018

The U.S. office market, including Philly office space property, continued to benefit from strong fundamentals going into 2018, despite continued deceleration in net absorption, occupancy, and rental rate growth. With robust corporate profits and continued office-using job growth, that trend is expected to hold through the year as the recently approved tax cuts and expected… Read more »

Centre Square – Philly’s “Clothespin” Building – Sold for $328 Million

Centre Square, the 1500 Market Street Philly office space complex best known for Claes Oldenburg’s giant “Clothespin” art sculpture in its front plaza, was sold for $328 million this month to New York-based Nightingale Properties, according to The website called the deal the largest office transaction based on square footage in Philadelphia office space… Read more »

Philly Office Space Vacancy Rate Drops Below 9 Percent

The Philadelphia office space market ended the first quarter 2017 with a vacancy rate of 8.7%. The vacancy rate across all Philly office space properties was down over the previous quarter, with net absorption totaling positive 173,096 square feet in the first quarter. That compares to positive 1,080,044 square feet in the fourth quarter 2016…. Read more »

Well-Located Philly Office Space for Lease in the Monroe Office Center

Wolf Commercial Real Estate, the foremost Philadelphia commercial real estate brokerage firm with experience in Philadelphia commercial real estate listings and services, now has available leasing opportunities at well-located Philly office space for lease in the Monroe Office Center at 1 Winding Drive Philadelphia PA. Suites at this Philadelphia office building for lease are available… Read more »

U.S. and Philly Office Space Experience Phenomenal Sales Year in 2015

The year 2015 was a phenomenal year for sales in the U.S. office space market, including the Philly office space market. The U.S. office market, in fact, registered its best year since 2007, thanks in part to increased demand and constrained levels of construction that  led to tightening space availability in metro areas nationwide. U.S…. Read more »

Philly Office Space and Overall Philadelphia Commercial Real Estate Market Remain Strong in 2015

The Philadelphia commercial real estate market enjoyed an overall strong year in 2015, with the Philadelphia office space, Philadelphia retail space and Philadelphia industrial space sectors all turning in solid performances, according to the latest quarterly market report from Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm with expertise in Philly… Read more »