• Since 2013, Center City Philadelphia has experienced a surge in office building sales, and we forecast 2016 to be another strong year, perhaps record-breaking.
  • What does this massive change in ownership of Center City office buildings mean for those of us outside of these deals?
  • What are the new owners doing with their investments, and how will these changes affect both existing tenants and those looking for space?
  • CBRE Research discovered that the new Center City office owners are not only re-invigorating their buildings, but also driving rents higher. Between Q2 2014 and Q4 2015, average asking office rents in Center City increased 3.5%. However, in buildings representing the 21 largest recent transactions, average asking rents grew 7.5% over the same time period.