677,000 mixed use office/warehouse. Also the home of the renowned design center Material Culture an 80,000sf home design facility. Other tenants include Drexel University, City of Phil.
July 5, 2022
For decades, the value of real estate has been determined by a number of key factors, such as closeness to markets, warehouses, transport hubs and major road links. While physical real estate often has considerable utility – e.g., for the storage of merchandise, accommodating people, and retailing products – a property’s value can be significantly… Read more »
June 30, 2022
New York City Councilman Keith Powers introduced legislation Thursday that could suspend the commercial rent tax on businesses below 96th Street in Manhattan, a move designed to bring relief to retail tenants still recovering from COVID-19 losses. If passed, businesses renting space in commercial buildings won’t have to pay an effective rate of 3.9 percent… Read more »
June 27, 2022
New York’s recovery from the pandemic reached a milestone last week when city office occupancy topped 40% for the first time since the March 2020 shutdown. The closely watched Kastle Back to Work Barometer increased to 41.2% last week, up almost five percentage points compared to the week of May 30 to June 3. The… Read more »
