Real Estate News

This section was specifically created by the Center City Team to provide the most up to date real estate news and data pertaining to the Philadelphia community. Find all of the real estate related news impacting Philadelphia and the surrounding suburbs.

We hope you enjoy the information we offer! If we can help you in any way, please speak with one of our talented real estate agents, or directly contact the Center City Team office: 215.440.2093

July 25, 2019
coworking

CommonGrounds Brings More Coworking Space to Center City

With coworking being a major theme in the lives of a large pool of nontraditional workers who eschew a 9-5 job served out in a cubicle, can there ever be enough options for a social, well-equipped place to work? San Diego-based CommonGrounds is testing that theory with an enormous new coworking space in Center City West, the company’s first location […]
July 23, 2019
workers

Center City Tower Seeking Tenants

A Center City office tower plagued by vacancies has started to gradually fill empty square footage and plan for that which will be free in the future. 123 S. Broad, one of downtown’s iconic buildings, has been beleaguered by available space since the loss of two major tenants knocked down their numbers. This is not only a curious state of […]
July 17, 2019
coins

Washington Square Office Building Sets New Pricing High

Just when you thought that real estate prices in Center City couldn’t get more bananas, another newsworthy purchase has reset the bar for breathtakingly pricey square footage. This time, we’re not talking about a gleaming steel-and-glass penthouse in a skyscraper, but rather a medical tower. News broke last week that University of Pennsylvania Health System, alias Penn Medicine had snapped up […]
July 3, 2019
shipping containers

Freight Company Ready to Open Office in Center City

An international freight forwarder and logistics platform, Flexport, is coming to a former coworking space in Rittenhouse Square. The new office will be Flexport’s fifteenth global location, and is intended to serve the company’s mid-Atlantic customers. According to the company, there is a growing demand for freight services in this region. The new office will be located at 1430 Walnut […]
July 1, 2019
lawyer

Law Firm Sets Sights on Fitler Square Development

One of Philadelphia’s largest law firms is on the verge of hopscotching down Market Street for an immense new home when its current Center City lease expires in 2021. Morgan Lewis & Bockius says that it will not renew its lease at Six Penn Center at 1701 Market Street, which is set to end in 2021. Instead, the firm is […]
June 27, 2019
gas

Center City Utility Bill-Pay Center to Shut Down

In a send-off to a bygone era when city residents paid their utility bills in person with cash or a check, Philadelphia Gas Works’ Center City location in Washington Square West will be closing at the end of the month. June 28th will be the final day of business for the storefront, which handles customer bill-pay for those who don’t […]
June 24, 2019
living room

Maryland Investment Company Buys Up Logan Square Apartments

A luxury apartment complex has been purchased by a Maryland-based development company. Edgewater, a well-heeled complex consisting of one 13-story tower and 20 townhouses (286 units in total), is located in Logan Square at the base of the Vine Street Expressway and overlooks the Schuylkill River. The parcel, which was bought by Chevy Chase-based company FCP as the latest in […]
June 18, 2019
arthaus

Arthaus Condo Tower Breaks Ground in Center City

A(nother) beautiful luxury condo tower is coming to Center City!   Welcome to the Arthaus Located in the desirable Avenue of the Arts neighborhood, the Arthaus building will have forty-seven stories of high-end living. The building will be situated across from the Kimmel Center. The developers are touting the fact that residents can live, work, and play all within the […]
May 23, 2019
woodcutter

These Surprise Home Maintenance Costs Can Shock First-Timers

It’s rough being a first-time home buyer. You probably just spent more money than you ever had on anything in your life, and that was just the down payment. Closing costs and the many fees that go along with purchasing a home can leave you reeling if you haven’t been through the whole rigamarole before. And, to add insult to […]
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