LITERARY ALLUSIONS

We sat down recently with Cushman & Wakefield's John Derham to chat about all things Philly CRE. “It really comes down to the Tale of Two Cities,” John says (revealing his classical education). Industrial is booming, especially in the big box space where C&W is tracking some 30M SF in deals. Office, on the other hand, entered the summer slowdown and really hasn't emerged from it yet, with many of the office deals out there tenants who are out well before their lease expirations. “The question is how long is this going to last. I attribute that to job growth,” he says.

Continue reading this story with a free account

Log in or register
Related Topics: Two Cities
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

4,500-Acre Data Center District Approved In Pennsylvania Town

Affordable Housing Giant Starts $180M Philly Push: The Philadelphia Deal Sheet

'It's A 2-Way Street': Philly Hospital CEOs Seek Cost Savings From Architects, Builders

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

South Jersey Affordable Housing Developers Blame State 'Overregulation' For Constricted Supply

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Philly Restaurant Operators Avoid Percentage Rent, Tenant Improvement Deals

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC