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“The Philadelphia region is particularly well-positioned with a strong industry presence in University City, the Route 202 corridor, and the Navy Yard, among others," says CBRE's Ian Anderson, lead author of the report.
“Multifamily properties continue to be in extreme demand and deal velocity remains accelerative, setting the stage for a robust 2018,” says Ken Uranowitz, Gebroe-Hammer's president.
"It's a great thing when you put smart people together," says Brad Korman. "It's a great opportunity to branch outside the real estate realm and hear how other business leaders and change-thinkers are looking at the world and what they do, and how that impacts what they could be doing in their industries."
There were approximately 210,525 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), about half the total compared with the previous quarter.