Philadelphia Office Space

Pennsylvania Commercial Real Estate Listings

BuildingSearch.com Philadelphia Office Space has a wide variety of Pennsylvania commercial real estate listings ranging from office space and retail to industrial properties. As of 2006 Pennsylvania had a population of 12,440,621, which is an increase of 156,007 people since 2000. In 2006, the gross state product for Pennsylvania was $510.31 billion, which equivocates to $34,619 per capita GSP. Philadelphia Office Space Pennsylvania commercial real estate today provides homes for the financial industry, insurance industry, manufacturing, agriculture, tourism, and higher education. Philadelphia Office Space Because of the diversity in the economy, there is a large market for commercial real estate. Pennsylvania commercial real estate is home to 50 Fortune 500 companies, including U.S. Steel, PPG Industries, HJ Heinz and Alcoa.Philadelphia Office Space

Philadelphia Office Space
The second quarter of 2008 showed major improvement across the board. Philadelphia saw an increase in absorption to 347,465 square feet and the vacancy dropped to only 13.6%. Because of the city’s economic diversity, Philadelphia Office Spacenew demand has been created. Rental rates have also Philadelphia Office Spaceskyrocketed to up $0.54 for Class A Philadelphia Office Spaceoffice space to $30.02 per square foot. Overall, the economic slow down of the national economy has not effected the commercial real estate market in Pennsylvania.


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