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Philadelphia Commercial Real Estate In-depth
Philadelphia is the largest city in Pennsylvania and the 6th most populous city in the United States. It is the 5th largest metropolitan area by population in the United States, and the fourth largest consumer media market as ranked by the Nielsen Media Research Co.
Philadelphia commercial real estate adds to the city’s ... Read More
Philadelphia Commercial Real Estate In-depth
Philadelphia is the largest city in Pennsylvania and the 6th most populous city in the United States. It is the 5th largest metropolitan area by population in the United States, and the fourth largest consumer media market as ranked by the Nielsen Media Research Co.
Philadelphia commercial real estate adds to the city’s economy, which is relatively diversified, with meaningful portions of its total output derived from manufacturing, oil refining, food processing, health care and biotechnology, tourism and financial services.
Philadelphia commercial real estate provides homes to many different types of businesses. Computer-based businesses, finance, telecommunications, insurance companies, and the printing and publishing industries are doing well. The biomedical field, encompassing hospitals, medical schools, pharmaceutical firms, research institutions, manufacturers of medical instruments and supplies, and medical publishing, is flourishing in Philadelphia. As manufacturing continues to recede, the city's educational and health institutions have come forward as important drivers of the regional economy. Education currently represents about 12 percent of city and 7 percent of suburban employment. Health services constitute about 18 percent of city jobs and 12 percent of those in the suburbs. With such a diverse and growing economy, the need for more commercial real estate in Philadelphia is evident.
Philadelphia commercial real estate is home to the Philadelphia Stock Exchange and several Fortune 500 companies, including cable television and internet provider Comcast, insurance companies CIGNA and Lincoln Financial Group, energy company Sunoco, food services company Aramark, Crown Holdings Incorporated, chemical makers Rohm and Haas Company and FMC Corporation, pharmaceutical companies Wyeth and GlaxoSmithKline, Boeing helicopters division, and automotive parts retailer Pep Boys.
Few cities in the country can match Philadelphia's historic attractions, and the city plays host to millions of tourists each year. Thus, tourism remains an important segment of the local economy and commercial real estate in Philadelphia continues to grow as Philadelphia maintains its position as a historic attraction.
The Greater Philadelphia region has become one of the major corporate centers in the United States. Many companies are locating or expanding facilities with Philadelphia commercial real estate. Philadelphia commercial real estate provides an ideal location at the center of the country's largest market, the access to transportation, the availability of medical, engineering, and business schools to supply technical talent, and the open land for industrial park development. Center City is still the financial, governmental, and cultural hub of the region. Concerted efforts over the last several years by government, business leaders, and concerned citizens to improve Philadelphia's reputation as a corporate host have been very successful, and the city is continuing to be discovered as an attractive place to live and work. Minimize
Philadelphia Commercial Real Estate Listings By Property Type:
Philadelphia Bio-Tech, Dental, and Medical Space
Philadelphia Industrial/Warehouse Space
Philadelphia Investment
Philadelphia Land
Philadelphia Office Space
Philadelphia Retail Space