[Nova08]

Originally Posted by Aaamazarite

Check out page 4 of this report that just came out:

http://www.ngkf.com/Uploads/FileManager/Market%20Reports/3Q19-Philadelphia-Office-Market-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.

I found this interesting...

Merck, for example, has already committed to half of the 50,000-square-foot coworking space WeWork signed for at 1100 Ludlow last quarter.

25k sq ft for a big pharma is a nice addition to center city.