Category Archives: Commentaries

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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Big News in Brokerage is Not So Good for Tenants

Kudos to CB Richard Ellis, the world’s largest commercial brokerage firm who was recently awarded the property management contract for Commonwealth REIT’s United States’ entire portfolio consisting of 156 properties in 31 markets.  In their press release, CBRE noted that … Continue reading

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The Emperor’s Broker has No Clothes

In Hans Christian Andersen’s famous tale, The Emperor’s New Clothes, the Emperor agrees to pay two scheming tailors to make him a magnificent suit that will be the envy of the kingdom.  The tailors claim to create a suit that … Continue reading

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Three Strikes

A new client came to us the other day.  They had been working with one of the large, national real estate brokerage firms but for several reasons were starting to feel uncomfortable with the direction their deal was taking.  First, … Continue reading

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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

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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

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Conflict? What Conflict?

We just received a Request for Proposal (“RFP”) from a tenant in anticipation of its upcoming lease transaction.  Like almost every RFP we receive, this one had several questions that focused on potential conflicts of interest.  Understandably, the company wanted … Continue reading

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It’s Time to Start Dreaming Big Again

Something has been bothering me for a while: why hasn’t Philadelphia fulfilled its potential? Why isn’t our economy thriving? I just started reading the biography, “Steve Jobs” which, among other things, describes the birth of the Silicon Valley in the 1960s and 1970s and … Continue reading

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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

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