PHILADELPHIA | Highrise Development Thread X

[iheartphilly]

^
I dunno. I think blaming things like this on city wage and business taxes is too easy. IMO, the Philly-metro suburbs have very good infrastructure and very large business parks are located next to large communities and also within a 30-45 minute drive. So, you have people with skillset ready to fill the required positions of these companies that want to remain in the burbs. And, REITs still maintain and promote these business parks in the burbs. No matter how you cut it, it is still an attractive options for large companies to stay in the burbs in this metro area. This is a complex issues and no one size fits all answer will mitigate what we think we know.