Market Street East Blossoming
JLL VP and director of research for Philadelphia Lauren Gilchrist, who will be a speaker at our Philadelphia State of the Market next week, tells us that today’s most exciting submarket is Market Street East. "While the residential parts of the submarket have been strong for a long time (Society Hill, Wash West), Market East is finally coming into its own from an office and retail standpoint," she says.
"We've seen significant, sustained Class-A rent growth, new office construction that is rivaling Market Street West in rates and quality, increasing investment in streetscape improvements, and a fast-improving retail environment," Lauren explains. "Quite simply, Market Street East won't be the same place in two years." Come hear more about all of metro Philly at the Philadelphia State of the Market beginning at 7:30am on Oct. 8 at the Pennsylvania Convention Center. Sign up here.
