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Cresa Philadelphia
One West First Avenue
Suite 201
Conshohocken, PA 19428
610.825.3939 tel
610.825.2928 fax
Email
Map/Directions

Contacts

John Behm
Managing Principal
Email
610.825.2149 tel
Matthew Feeney
Managing Principal
Email
610.825.2159 tel
Jeffrey Baker
Managing Principal
Email
610.825.2292 tel

Philadelphia

  • Market East Class A

    Q1 2013

    Supply
    4,052,862 SF    		 Vacancy
    8%     		Absorption
    23,756 SF    		 Avg. Lease Rate
    $23.01

  • Market East Class B

    Q1 2013

    Supply
    4,656,672 SF    		 Vacancy
    13%    		 Absorption
    996 SF    		 Avg. Lease Rate
    $21.50

  • King of Prussia/Wayne Class A

    Q1 2013

    Supply
    2,840,986 SF    		 Vacancy
    16%    		 Absorption
    -40,091 SF    		 Avg. Lease Rate
    $25.97

  • King of Prussia/Wayne Class B

    Q1 2013

    Supply
    3,729,975 SF    		 Vacancy
    19%    		 Absorption
    -9,137 SF    		 Avg. Lease Rate
    $21.55

  • Independence Hall Class A

    Q1 2013

    Supply
    5,086,678 SF    		 Vacancy
    14%    		 Absorption
    12,789 SF    		 Avg. Lease Rate
    $24.25

  • Independence Hall Class B

    Q1 2013

    Supply
    1,418,802 SF    		 Vacancy
    14%    		 Absorption
    11,181 SF    		 Avg. Lease Rate
    $21.72

  • Market West Class A

    Q1 2013

    Supply
    28,584,359 SF    		 Vacancy
    13%    		 Absorption
    18,998 SF    		 Avg. Lease Rate
    $26.85

  • Market West Class B

    Q1 2013

    Supply
    8,463,649 SF    		 Vacancy
    5%    		 Absorption
    18,854 SF    		 Avg. Lease Rate
    $22.75

  • Plymouth Meeting/Blue Bell Class A

    Q1 2013

    Supply
    3,918,601 SF    		 Vacancy
    25%    		 Absorption
    -12,183 SF    		 Avg. Lease Rate
    $24.99

  • Plymouth Meeting/Blue Bell Class B

    Q1 2013

    Supply
    3,588,206 SF    		 Vacancy
    17%    		 Absorption
    4,047 SF    		 Avg. Lease Rate
    $21.88

Our Philadelphia office supports a tri-state area encompassing Southeastern Pennsylvania, Southern New Jersey, and Northern Delaware.  A satellite office in Princeton, New Jersey complements the Philadelphia office.  These offices offer an experienced professional staff with expertise and focus on each of the regions submarkets.

 

Facts and Figures

  • With a population of just over 6.23 million – Philadelphia and the surrounding markets have seen a slow but steady economic growth for the region.
  • Philadelphia is situated strategically between New York and Washington DC with a lower cost of living and has been ranked as one of the top walking and cycling cities in the United States. 
  • We boast over 100 colleges and universities in the region, with 10 making the Forbes top 100 list for 2013.

People

Jeffrey Baker Managing Principal 610.825.2292
John Behm Managing Principal 610.825.2149
Howard Davis Senior Advisor 610.825.3939
Matthew Feeney Managing Principal 610.825.2159
Bill Finnegan Senior Vice President 610.825.6546
Gregory Fischer Vice President, Corporate Services 610.684.1995
Ted Garrity Senior Vice President 610.825.9618
Gladys Hartey Vice President, Research 610.825.3939
Matthew Marshall Senior Vice President 610.825.9298
Brian McCurdy Advisor 610.715.8620
Jerry McGarry Senior Vice President, Project Management 610.825.9663
Jack B. McGowan Senior Advisor 610.825.9374
Margo S. Mocarski Senior Advisor 610.684.1994
Adrienne Schirner Operations Director 610.684.1997
Dick Stanton Senior Vice President 610.825.3939
Steven Stefanski Senior Advisor 610.825.2766
Jeffrey Zimmerman Senior Advisor 610.825.9562

News

Success Stories

Client Location Sq. Footage
Beazley Insurance International   
Maxwell Systems King of Prussia  13,400 
Quatern Hamilton  25,651 
VIASYS Healthcare, Inc. Conshohocken  41,273 

Subleases

Property Available Space Rental Rate
Gwynedd Hall, Building 14
1777 Sentry Park West
Blue Bell, PA 		3,768 SF Negotiable
For Sale
1 Willow Lane
(5700 Lower Macungie Rd)
East Texas, PA 18046 		31 acres, 358,000 SF
Maplewood 2
1301 Virginia Drive
Fort Washington, PA 19034 		3,636 SF Negotiable
The Bourse Building
111 S Independence Mall
Philadelphia, PA 		3,964 SF, 10th floor $17.00/SF full service
Southern New Jersey Distribution Center
100 Friars Blvd
Thorofare, NJ 08086 		181,370 SF total, 7.54 Acres $3.75 NNN
Naamans Creek Business Park
3 Creek Parkway
Boothwyn, PA 19061 		7,148 SF Extremely Competitive!

Cresa Philadelphia Blog

  • 3/6/2013Real Estate Strategic Planning
    Traditionally, the Corporate C-Suite has focused on strategic issues impacting their business: competitive advantage, market share, risk management, revenue & profit, change management, and client satisfaction. Executives today understand that a strategic alignment across each facet of the company is imperative to their overall success. So why has this idea not extended to your real [...] Read More
  • 2/12/2013What are you really getting with Class A buildings?
    Aside from the higher rent, what else should you expect from a Class A building and is it really worth it?   The classification system for commercial office buildings is wildly subjective. A Class A building in Newtown, or Blue Bell, will differ from a standard Class A building in Philadelphia. Even still classifications can [...] Read More
More from Cresa Philadelphia Blog

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