Brandywine Realty Trust has 306,000 square feet of new office leases set to start in the coming months, which is the highest quarterly total of future lease commencements in nearly three years.
CEO Jerry Sweeney said the surge signals improving market momentum. As of April 18, Brandywine’s core portfolio is 89% leased, while its Philadelphia properties—mostly trophy-class offices—are 96% leased, slightly above last year. The company’s strong performance reflects steady demand for high-end office space as return-to-office trends take hold.
*Article courtesy of Philadelphia Business Journal
Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.
Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.
