After losing nearly 520,000 nonfarm jobs peak-to-trough in 2020, the Philadelphia region continues to surpass pre-pandemic employment levels with two industries leading the way: education and health services, and professional and business services.
The metropolitan area’s 5.2% job growth in 2022 exceeded the national growth rate of 4.3% and put the region back on course. Anchored by over 100 higher education institutions as well as leading health systems such as Penn Medicine and the Children’s Hospital of Philadelphia, the Philadelphia region has long been touted as an “eds and meds” economy. Jobs in education and health services have consistently trended upward since 1990, except for 2020 when the coronavirus pandemic began.
For more information about New Jersey or Philadelphia health care space, industrial space, retail space, office space, land or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com. Wolf Commercial Real Estate, is a leading New Jersey and Philadelphia commercial real estate broker that specializes in healthcare, office, retail, land, industrial, and investment spaces.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm that provides a full range commercial real estate listings and services and property management services for landlords, owners, investors, tenants and more.
As experts in both Philadelphia and New Jersey commercial real estate listings and services, the WCRE team provides ongoing detailed information about commercial properties to our clients and prospects to help them achieve their real estate goals.
