Category Archives: Markets

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

Posted in Markets, Negotiating, Strategies | Leave a comment

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

Posted in Commentaries, Leases, Markets | Leave a comment

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

Posted in Commentaries, Markets, Strategies | Leave a comment

Playing the Cap Rate Game: Buyers Beware

There are a handful of ways to increase the value of an income producing property.  Some are within the control of the owner, some are not.  The problem is that in many instances, tremendous value has been created over the … Continue reading

Posted in Markets, Strategies | Leave a comment

Why Rising Rents are Not Necessarily Bad For Tenants

As pure tenant only brokers, we like soft real estate markets where supply outstrips demand. Generally speaking, in these types of markets, tenants hold the upper hand and can exert their leverage to secure aggressive lease deals.  While it is … Continue reading

Posted in Markets, Strategies | Leave a comment

Real Estate Predictions for 2014

(And How They Will Impact Tenants in the Region) With 2013 now behind us, we thought it would be fun to make some predictions for 2014.  If we are right, you can marvel at our omniscience; if we are wrong, … Continue reading

Posted in Commentaries, Leases, Markets | Leave a comment

When Seemingly Rational People Act Irrationally

There are two fundamental premises that are helpful when proceeding with any negotiation.  First, people ultimately tend to act in an economically rational manner. Second, if someone who is seemingly intelligent and rational is acting in an economically irrational manner, … Continue reading

Posted in Markets, Strategies | Leave a comment

How to Grow Jobs in Philadelphia

The United States Department of Labor recently announced its March 2013 job statistics. In it, Pennsylvania was ranked 49th in the country in total non-farm job growth; only the “economic powerhouse”, Wyoming, ranked lower than us. It gets worse: recent … Continue reading

Posted in Commentaries, Markets, Strategies | Leave a comment

Stabilizing Rents Do Not Mean All is Well in Center City

Center City office rents seem to be stabilizing and large blocks of contiguous space are becoming few and far between. Generally speaking, landlords are feeling better than they were in 2005-2006 when over 4,000,000sf of availabilities existed in the trophy … Continue reading

Posted in Commentaries, Management, Markets | Leave a comment

Rent Compression in Center City

I recently toured spaces in New York City with a client of ours.  We were looking for a higher end space, so the buildings we initially toured represented a good cross section of Class A to A- office spaces in … Continue reading

Posted in Commentaries, Leases, Markets | Leave a comment