King of Prussia / Wayne continues to be one of Philadelphia’s most sought after metro suburban submarkets. This submarket encompasses a vast array of tenants ranging from financial institutions and healthcare firms and pharmaceutical manufacturers.
I’ve had several people ask me about other terms they’ve heard thrown around – Load Factor, and Add-On Factor. Here is a good explanation….
Relocating to the Philadelphia area office space is an adventurous time for any business. Planning an office move can be stressful, and relocating your IT may seem like a tough task. Below are some tips to help you plan an efficient move of the technology in your office.
A large element of any lease negotiation is the determination of the tenant’s construction allowance, otherwise known as the tenant improvement allowance or TIA. The amount and structure of the TIA can directly impact the rental rate of the deal.
The commercial market in Philadelphia mirrors many national trends so far in 2016. Development has been very active in the Center City, University City, and Philadelphia Navy Yard districts, encompassing office, industrial, and retail properties.
You’ve got a few security guards and your CCTV system is up to snuff. You’ve got your building security covered, right? Think again….
Don’t look for the open work space environment to go anywhere soon. Though there are studies that show an open floor plan isn’t as effective in productivity as some want to think, there are true benefits like increased collaboration, cost effectiveness, and the overall cool factor that helps hire in the millennial work force. Forbes recently ran this interesting article on the nature of the open office environment….
Many companies use several benchmarks when evaluating the economics of a real estate lease…
The Philadelphia Office market bucked the trend of national vacancy rates with the first quarter 2015 increasing to 10.8%.
US real estate experts continue to relay that the US commercial real estate market is showing continued signs of strength across all real estate groups through the first quarter of 2015…