• An uptick in leasing activity at the end of the year, along with the first drop in availability since the start of the pandemic, were hopeful signs for recovery in the near-term
  • Flight-to-quality trends were well in place as Class A space claimed the overwhelming amount of leasing activity during the fourth quarter.
  • While investment sales were down, demand from outside capital remained in place during the past year, a sign that Philadelphia remained a comparably attractive office market to pursue opportunities.