Office Leasing Strong In Spite of Economic Uncertainty
CoStar reports that office leasing nationally remains strong in the 2nd quarer of 2011 despite economic uncertainty tied to unemployment, the debt ceiling debacle and European economic meltdowns. Business are continuing to add workers and lease larger and better commercial spaces because of prices that were unavailable in recent years and landlords willing to make concessions. The report shows that asking rents are 10% below their 2008 peak and many believe that commercial rents will be rising once job growth gets back on track.
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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
www.CenterCityTeam.com
