Savills Studley Report Philadelphia office sector Q4 2017

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Savills Studley Report Philadelphia office sectorQ4 2017Savills Studley research PhiladelphiaSUMMARYMarket HighlightsLEASING KEEPS ROLLING Quarterly deal volume across the Philadelphia region totaled msf, an increase from the msf leased in the third quarter. Tenants have leased msf in the last four quarters, just above the long-term average of msf leased per year. AVAILABILITY DOWN SLIGHTLYCenter City s availability rate fell for the first time since the fourth quarter of 2016, decreasing by 40 basis points to The Class A rate decreased by 50 basis points to Overall and Class A availability rates have both increased by 100 basis points compared to year-end 2016. RENT DECLINESOverall asking rent for the region increased by to $ Asking rent in Center City posted a quarter-on-quarter decrease to $ Philadelphia s office leasing ended strong for the year, and should continue to move forward in the same manner throughout 2018. Morgan Langley, research Analyst 02 Savills Studley Report | PhiladelphiaOffice LeasesThe Philadelphia region office market finished the year on a strong note.

Savills Studley Report. Philadelphia office sector. Q4 2017. Savills Studley Research . Philadelphia. SUMMARY. Market Highlights. LEASING KEEPS ROLLING . Quarterly deal volume across the

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