Report | Philadelphia Law Firm Perspective - 2016
Market Street West rental rates have risen more than 5.0 percent year-over-year, due in large part to a lackof large blocks and quality space as well as sustained higher demand for a largely static inventory in Philadelphia. Approximately 200,000 square feet will deliver in the renovated One Franklin Tower in 2017, providing additional alternatives for local law firms. Growing demand could induce further speculative development suitable for large law firms, but none have yet to break ground.
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