Commercial Listings:

The area is under development and has recently built many high rises in the area. It has also closed down previously loved areas that were frequented by vagrants, skateboarders and others. The city has been going through a gentrification much like other large cities, building a more vibrant downtown community and city center. The area has a great deal of office space, retail storefronts, and warehouses available to businesses of all types. Whether you’re starting out in a small space or looking to jump into a larger more economical warehouse, the area is full of options to look at. In a recent search of Philadelphia commercial property vacancies, results were comparable to other large cities with rates starting at around $1 a square foot for 1,000 square feet. The area is also home to a large portion of spaces dedicated to high tech and executive suites starting at around $700 (sometimes closer to $500) with amazing views of the greater metropolitan area. Find commercial properties in these local areas: Ardmore, Bridgeport, Blue Bell, Chester Springs, Drexel Hill, East Falls, Exton, Frankford, Hanover, Hatboro, Mt Airy, Manayunk, Norristown, Phoenixville, Pottstown, Old City, Olney, Oreland, Queen Village, Roxboro, Springfield, South Hampton, Upper Darby. Finding the best Philadelphia commercial property to lease can be frustrating - with the time and $ you need to spend - but Office Space Heaven offers a Free service to renters. We also service commercial office spaces for rent in Pittsburgh, NYC, Chicago, and Minneapolis.

The largest city in the state of Pennsylvania, and often times called the City of Brotherly Love is Philadelphia. It has a long-standing tradition that dates back to the founding of the United States. It has an estimated population of around 1.5 million residents in the city center and upwards of 5.8 million residents in the greater metropolitan areas. It has been ranked as the fourth largest urban area by Nielsen Media Research and is continually growing in commercial real estate, education, and culture.

Career / Climate:

The economy of Philadelphia hinges on several industries that include oil refining, food processing, health care, tourism, and so much more. Much like other large-scale cities it is the economical center for the surrounding areas and houses some large corporations. Some of the larger companies in the area include Comcast, Colonial Penn, CIGNA, Sunoco, Aramark, Crown Holdings Incorporated, Wyeth and so much more. The area has a great deal of employment options to explore for all walks of life. Whether you’re looking to start at the bottom and work your way up, or want to continue your career in a variety of options, you’ll find them in the greater Philadelphia area. Despite having a large-scale employment growth potential, the area has an unemployment rate at around 11%, which is higher than the national average. It seems to be dropping slightly, and it should be noted that the area has been working towards opening up more options for those seeking gainful employment.
The climate of Philadelphia varies and has four distinct seasons. The winters are cold and garner snowfall of 19 inches annually. The summer months have high humidity with muggy feelings and temperatures rising to the mid 90’s with humidity that matches.

Philadelphia Housing:

The real estate market of Philadelphia has wavered in recent years due to a high frequency of foreclosures and an overall unstable economic picture, but has managed to stay relatively good. The median home price in the greater Philadelphia area is around $112,113 and is forecast to have a 2-5 year gain of 13%. Analysts remain positive about the area, even though it is one of the lower median house prices in the United States. Usually the housing market and the commercial real estate market in Philadelphia PA are tied together so when one recovers the other is not far behind - Philadelphia is hoping that the recovery starts happening sooner than later. Check out our office suite articles to learn more.

The mayor of Philadelphia is Michael Nutter and is a democrat. He went to the University of Pennsylvania and was endorsed by Hillary Clinton upon taking office in 2008. He has a storied history of political service and was a member of the Philadelphia City Council from the 4th district before landing position of Mayor. In recent months he’s been fighting budget cuts, but has recently announced that the city has to make some unfortunate changes to stay consistent with efforts to get a balanced budget.