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Old Posted Oct 7, 2019, 6:36 PM
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mcgrath618 mcgrath618 is offline
Exhausted Drexel Student
 
Join Date: Jan 2017
Location: University City, Philadelphia, PA
Posts: 1,665
Quote:
Originally Posted by Aaamazarite View Post
Check out page 4 of this report that just came out:

http://www.ngkf.com/Uploads/FileMana...ket-Report.pdf

The University City office submarket has the highest asking rents in the entirety of Southeastern PA and had the third highest year-to-date absorption of office space. It also has the third lowest office vacancy rate in Southeastern PA.
Wow, demand sure is high. That's probably why SY is so confident that they can build their JFK towers and lease them out relatively soon.

I think that uCity Square gets at least two buildings under construction that clear 200 ft by 2021.
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