Commercial property in King of Prussia remains buoyant in a turbulent market. While the Philadelphia-area commercial vacancy rate lingers near a 20-year low, Adrian Ponsen, Director of Market Analytics for CoStar’s Philly region, points out that new leasing has...
While sectors start to reopen with caution, questions remain. By BB&T and SunTrust, now Truist As the majority of offices shuttered for the spring to allow employees to work from home and safely socially distance, the commercial real estate market came under...
As landlords and tenants try to adapt to the “new normal” of the COVID-19 world, they are discovering that in many instances their existing lease documents are inadequate to address the unique concerns raised by the coronavirus. For parties that may be entering into...
Now, more than ever, you need a tenant rep. All of the services they provide — negotiations, market expertise, coordination, and strategic advice — remain. However, given the complexity of the during- and post-COVID economy and all of the changes that keep...
Long before Keystone Property Group was a big Center City commercial landlord with historic properties such as the Curtis Center, it was a scrappy suburban upstart, snapping up buildings in office parks and rehabbing them to command higher rents. That past has come...
Rent abatement and deferrals, full promissory notes and holding a security deposit are the viable options for landlords. In this environment, office and retail landlords should probably work with tenants when they need a break with rent. But Jeff Lerman, co-founder of...
