Philadelphia

3 Reasons You Should Move Your Company To Philadelphia
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3 Reasons You Should Move Your Company To Philadelphia

Philadelphia

3 Reasons You Should Move Your Company To Philadelphia

The city of Philadelphia is on the rise as its business sector booms with growth. With lower rents then its neighboring big cities of New York and D.C. yet still close by proximity, Philadelphia is quickly becoming a powerhouse player for businesses to call home. Call a Philadelphia Commercial Realtor or Tenant Rep to help you move your business to this bustling city. 3 Reasons why you should move your company to Philadelphia Rent costs are cheaper Sylvie Gallier Howard, the First Deputy Commerce Director for the Philadelphia Commerce Department, told NBC 10 Philadelphia News in August of 2018 that the same amount of space in New York City would likely cost three times what it would cost in Philadelphia. And with rent being one of the key fixed costs for a business, this is an extremely important factor to consider, especially for small businesses. Hiring a tenant rep can [...]

By Peggy Gallagher|2020-02-03T09:37:08-05:00January 10, 2019|Philadelphia|

Philadelphia’s Changing Skyline

A city is defined by it’s skyline. The image of a city’s skyline goes on everything from t-shirts to coffee cups to paintings. It helps establish the identity of a city and it’s people. But skylines are always changing, especially here in Philadelphia. I’m sure when you think of the Philly skyline a few major images come to mind, the distinct silhouette of William Penn on the top of City Hall, the massive boxy outline of the Comcast Center, the matching points of One and Two Liberty Place. Later this year the Comcast Technology Center will open and the skyline will once again change forever. It will be the tallest building in the city at 1,121 feet tall, the other Comcast Center was previously the tallest since 2008. City Hall was actually the tallest building all the way up until 1987 when Liberty Place was built. And so the Curse [...]

By Peggy Gallagher|2017-06-12T11:04:05-04:00June 12, 2017|Philadelphia|

Reasons to Keep Business in Philadelphia
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Reasons to Keep Business in Philadelphia

Philadelphia

Reasons to Keep Business in Philadelphia

Choosing a location for your business is a big decision. Not only do you have to have a successful business model but also the staff to support your endeavors. Often times when working with clients looking to lease or purchase office space we discuss more than just the building requirements. Access to transportation, vibrant communities and many other factors that impact employee happiness. As a Philadelphia Commercial Real Estate Broker & Tenant Rep. we LOVE Philadelphia. The History, People, Culture, Charm and the character of each of the towns that make up the vast Philadelphia Suburbs. Here are a few Fall Events that happen in September that are a few reasons our clients and their employees love to live and work in the Greater Philadelphia area. Scarecrow Festival in Peddler’s Village in Bucks County Kennett Square Mushroom Festival in Chester County The Franklin Institute in Philadelphia County - Catch the Lego Exhibit before October! [...]

By Peggy Gallagher|2018-04-10T12:03:13-04:00September 15, 2015|Philadelphia|

CLASS A and B Submarkets in Philadelphia – 1st Q 2015

CLICK HERE to Download a Printable PDF Version CLASS A Office SUBMARKET STATISITICS 1st Quarter 2015 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Montgomery County Conshohocken 24 3,341,039 299,048 308,775 9.2% 109,771 0 0 $31.54 Ft Washington Spring House 20 1,894,472 558,205 563,740 29.8% (69,745) 0 0 $22.93 Horsham/ Willow Grove 38 3,881,400 207,580 207,580 5.3% (4,966) 0 0 $23.99 King of Prussia Wayne 90 8,873,293 1,249,845 1,346,631 15.2% 2,926 0 0 $27.53 Plymouth Mtg Blue Bell 46 3,883,293 504,259 521,105 13.4% 123,163 0 0 $24.38 Philadelphia County Market Street East 7 4,124,862 342,798 355,673 8.6% (31,950) 0 0 $24.12 Market Street West 43 27,120,333 2,786,299 2,868,131 10.6% 7,412 0 2,166,682 $30.64 Southern NJ South Burlington County 36 3,304,682 165,419 165,419 5.0% 18,882 0 0 $15.39 South Camden County 10 [...]

By Peggy Gallagher|2015-07-17T11:40:47-04:00July 1, 2015|Philadelphia|

Office Market Trends Philadelphia Region By County

May 2015 - Montgomery County, Pennsylvania We’ve come a long way from 2010 with high vacancies and low rents. Today in Montgomery County Pennsylvania the trend line shows more demand for Class A Office Buildings than for the category of all office building types. Comparing Trend lines in the graphs below you can see a clear difference between the trend line for the average Vacancy Rate 11.8% and the Rental Rate of $26.10 per square foot per year plus electric, versus the trend lines for the averages for all Office, A,B,C. When all types of Office Buildings are added to the survey the trend line of the averages changes to a Vacancy rate of 12.1% and a Rental Rate of $23.32 per square foot per year plus electric. Of course there are ten times as many buildings in this survey of all different sizes and qualities. The survey of the [...]

By Peggy Gallagher|2015-07-17T11:31:19-04:00May 31, 2015|Philadelphia|

Suez & Panama Canals, Philadelphia Region, and demand for Commercial Real Estate?

Is there a relationship between Suez & Panama Canals, Philadelphia Region, and demand for Commercial Real Estate? At C.R.E.W. Philadelphia’s Past Presidents’ Series Tuesday, May 12, 2015 held at the Philadelphia Sheraton Downtown a panel of amazing experts shared ideas and opinions to help the audience better understanding the linkages. CREW Philadelphia and its organization partner, Liberty Property Trust (LPT), and all the panel participants did a fantastic job. Here is a recap of my notes from the event: […]

By Peggy Gallagher|2015-07-22T10:27:16-04:00May 15, 2015|Philadelphia|

Hiring a Commercial Real Estate Agent

When looking for the right space for your company it is very important to consider all of the factors. You may be thinking what are the factors and how can I be sure that I don’t forget any. The great thing is that you don’t have to worry about that yourself. This is the job of your realtor. Your realtor will listen to all of your worries and parameters and use them to find the office space you want for your company. When working with a realtor your job is to know what you want so you can convey that clearly to them. Once your realtor understands what you want they will be able to find it for you and then get you the best price for it.

By Peggy Gallagher|2015-07-17T10:45:15-04:00April 15, 2015|Commercial Real Estate, Philadelphia|

Philadelphia Welcomes Century 21 Department Stores

During the Philadelphia Business Journal Breakfast at the Hard Rock Cafe Natalie Kostelni interviewed Eddie Gindi of Century 21 Department Store. If you are from northern NJ or NYC chances are you have heard of or shopped at a Century 21. Philadelphia will now have its first location as the company expands outside the Metro NYC area as of October 28th 2014 at The Gallery on 821 Market Street, Philadelphia, PA. During the interview by Natalie we heard Eddie say how, ‘Century 21 listens, watches and pays attention to what the consumer wants and likes.’ It sounds like they deliver especially with discounts of 40-65% off. Understanding his customers, or as they call them ‘guests’, it is about the fashion and value. Their model offers fashion at a discount. Their stores are always evolving, the focus is on giving the customer what they want in the product and the store [...]

By Peggy Gallagher|2014-11-05T16:36:38-05:00October 22, 2014|Philadelphia|

Are we there yet? 2014 Mid Year Office Market Trends

Commercial Real Estate 2014 Mid Year Office Market Trends By there I mean where the real estate values are increasing at a point above the measurement of the annual rate of inflation. The Consumer Price Index (CPI-U) has increased 2% for the past 12 months through July 2014. This percentage change year or year is a key indicator for the economy. By analyzing the national data – YES, we are there! Keeping in mind the real estate trends vary regionally and with the quality of the product. Looking at the global market and the Vacancy Rate – the CRE industry uses this to track trends and an indicator of the balance of supply and demand for office space. Here are a few of the findings in the national vs local office markets for Vacancy Rates and rent trends. Based on the Costar’s mid year review the national vacancy rates for leased and [...]

By Peggy Gallagher|2014-09-09T13:24:08-04:00September 4, 2014|Commercial Real Estate, Corporate Office Space, Philadelphia|

Golf4Some Hit the Greens in 2014 – CREW

It was a joint CREW member effort in Fall 2013, and four gals reaped the rewards this summer, 2014. Debbie Keen, Director, Business Relationships for ADVANCED OFFICE ENVIRONMENTS, supported CREW’s charity last year by purchasing the golf package that Peggy Gallagher, PG Commercial, had donated to the CREW Charitable Luncheon in fall of 2013. Awesome foursome made up of Debbie Keen, Advanced Office Environments, Rebecca Udell, KSS Architects, Amanda Ryland, Remington Group Inc., and Peggy Gallagher, PG Commercial Real Estate. Had fun playing 9 plus 9 at WVCC this summer. The beneficiaries for the CREW Philadelphia Fall 2013 luncheon were Women’s Community Revitalization Project (“WCRP”) and CREW Network Foundation. Beneficiaries from 2013 Fall Luncheon: “Proceeds from the silent auction will be donated to this year’s (2013) luncheon beneficiaries: Women’s Community Revitalization Project (“WCRP”), which builds low income housing for women and families led by women; and CREW Network Foundation, which [...]

By Peggy Gallagher|2014-09-04T15:16:34-04:00August 31, 2014|Peggy's Travels, Philadelphia|