Research

Philadelphia CBD office insight - Q2 2018

In Market East, the Public Ledger Building is poised to reposition as the western portion of the building changes hands and the departure of Health and Human Services to 801 Market creates opportunities to attract a new tenant mix. It is likely that the eastern-facing portion of the building will be redeveloped into residential or hotel. 

A proposal from the Philadelphia Bar Association and other non-profit partners would bring a new 173,000-squarefoot office building to 8th and Vine to house the Equal Justice Center, offsetting any inventory reductions at Public Ledger and bringing new groundup construction product to this part of the city for the first time in decades.

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