Category Archives: Markets

Office Market: Why Philadelphia’s West Market Corridor Will Stay Strong

A few years ago, a lot of people were pointing to 2017-18 as the time when the Central Business District (CBD) office market might start to soften up, providing relief to tenants who might be looking for space. A “perfect … Continue reading

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Why a Cable Company and Apartment Developer Hold the Keys to the Center City Office Market

Given that we are the fifth largest city in the United States, it is surprising that the near term future of our office market actually hinges on the decisions and success of two entities; neither of whom is an office … Continue reading

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Could the New Central Business District End Up In University City?

Right under our noses, the rents in Center City have been steadily rising to levels not seen in recent memory.  There are several reasons for the rapid price increases beyond mere supply and demand including: (1) the consolidation of a … Continue reading

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Read Your Own Marketing Materials Before Hiring Your Next Advisor

Most well run companies spend a considerable amount of time and effort articulating their values and structuring their companies to provide a competitive advantage to their clients. These values and advantages are clearly reflected in their marketing materials and often … Continue reading

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Real Estate: Despite the hype, Philadelphia is not as strong as it seems

I had the pleasure of attending this year’s Real Share conference in Philadelphia last week. Real Share is an annual “State of the Market” real estate conference that travels from city to city. The speakers are primarily senior brokers, area … Continue reading

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What the Sale of an Office Building Means to the Tenants

With the record number of office buildings in Center City Philadelphia either being sold or currently being marketed, many tenants are wondering how the sale will impact them.  While the change in ownership may appear to be a non issue … Continue reading

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Sliding Tile Games and Real Estate Deals

We have all played that tile game where there is one empty space on the board and you need to slide all the tiles around the board to create a picture or desired sequence.  It’s a very difficult game due … Continue reading

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It’s Hard to Promise Everyone Everything

Imagine you are a major law firm with a large litigation department.  Your biggest practice is products liability defense.  You represent drug manufacturers, cigarette manufacturers and medical device manufacturers in mass tort claims. It’s a lucrative practice but you decide … Continue reading

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Predictions for the Center City Office Market: Dark Clouds for Landlords

For any tenant looking to lease Class A office space in Center City Philadelphia today, they are encountering something they haven’t seen in quite some time: a landlord’s market. While there are still some buildings experiencing softness, many of the … Continue reading

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Six Blocks

Philadelphia is the fifth largest city in the country behind only New York City, Los Angeles, Chicago and Houston.   As one of the country’s leading metropolises, you would think that Philadelphia’s central business district would be expansive, providing a wide … Continue reading

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