PG Commercial Real Estate – Commercial Realtor Montgomery County, PA and Greater Philadelphia Region

Montgomery County, PA

Montgomery County’s Office Market appears relatively stable based on a survey of 214 A class office buildings. In the September 2012 survey there was a vacancy of 14% and an average rental rate of $25.67 per SF per year. There has been some new construction. The first new Hospital to be built in the past ten years in S. E. PA opens this month in East Norriton, Montgomery County, PA. Einstein’s new Hospital is a 363,000 square foot LEED certified hospital building with 146 private beds and an adjacent medical office building, 100% leased on a 87 acre campus with about 30 acres dedicated to open green space. United Sates history is very visible in Montgomery County. PA Visitors’ Guide says: “Montgomery County was created on September 10, 1784 from part of Philadelphia County. Norristown, the county seat, was named for Isaac Norris, who owned land there. The vistas at Valley Forge Historical Park are especially breathtaking, both in fall foliage and later in the season as snow turns rolling hillsides into the perfect place to go sledding, or cross-country skiing. It was here that General Washington forged his Continental Army into a fighting force, during the difficult winter encampment of 1777-78. America’s past echoes through countless historic sites and homes in the Montgomery County area which trace the nation’s growth.”

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