2025 will be a year of reckoning for Philadelphia's office market
Briefly

Lawrence McMichael, the law firm’s chairman, noted, 'In today’s world, we don’t need to do that. We like being in the office, but we don’t need to be in the office.' This statement underscores the shift in workplace dynamics post-pandemic, reflecting a broader trend towards flexibility in work arrangements that has emerged due to the pandemic.
Clint Randall from the Center City District emphasized, 'There’s a higher than average share of leases coming up for renewal. It’s a good time to focus on what choices these tenants are making.' This highlights the importance of understanding the evolving priorities of businesses as they reassess their office needs.
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