Commercial real estate transactions, including sales and purchases, are often strategically important to a company or business. Philadelphia has become a strategic location for investors from New York, as it continues to lure investors with commercial real estate opportunities. Recently brokered was the sale and financing of a 19-story office and retail building in Philadelphia. The property provides 253,732 square feet of office space and 22,723 square feet of retail space.
The Millennial generation - those born between 1982 and 2004 - will play a significant role in the Philadelphia real estate market in the next few years, according to experts at a panel put together by a local business magazine. As the Millennial population grows and the Baby Boomer population levels off, developers are investing in central Philadelphia.