Philly Execs Optimistic About '16. Here's Why.

It's an optimistic time in Philadelphia commercial real estate, as businesses—including tech businesses—expand and need more office space, and the highly talented workers they employ spur the demand for residential and retail space (and not just in Center City). That's why we're excited to hear more about it from experts at Bisnow's Philadephia 2016 Forecast on Tuesday, Dec. 15, at 401 North Broad. (Register here.)

Keystone Property Group CEO Bill Glazer, who will be a speaker at the event, tells us that his company continues to be bullish on the Philadelphia office market, from Center City to the Main Line. "The region as a whole is attracting so many new and expanding businesses, many of which are comprised of a younger and more tech-savvy workforce in search of lifestyle-oriented workplaces, whether in the suburbs or the city proper."

Keystone's betting on suburban Philly in a big way: recently the company unveiled plans to redevelop the 180k SF One Plymouth Meeting at 502 West Germantown Pike in Plymouth Meeting. The redesign will include a glass and precast exterior, a modern lobby and private outdoor gathering space. The installation of larger windows will increase the building’s energy efficiency and tenants’ interior experience, according to Keystone, which also says it will work with tenants to customize space to be as creative as they need it to be.

Trammell Crow senior managing director Jeff Goggins (snapped at a previous Bisnow event), who also will be a speaker, tells us he's optimistic about new development opportunities for 2016. Fundamentals continue to improve across all property types with new development, for the most part, kept in check, he explains. "I'm hopeful that we will see stronger increases in regional job growth, which is needed for sustained growth."

Join us for Bisnow's Philadelphia 2016 Forecast at 401 North Broad, beginning at 7:30am on Dec. 15. Sign up here.