#philadelphia-office-market

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#office-to-residential-conversion #distressed-commercial-real-estate #tax-assessments
Real estate
frompennlive
1 day ago

Many of Philly's office buildings are plummeting in value, and it's costing the city millions

Center City Philadelphia office buildings are trading at steep discounts to prior prices and assessments, prompting investor purchases and office-to-residential conversions amid widespread distress.
Real estate
fromMiami Herald
2 days ago

Many of Philadelphia's office buildings are plummeting in value - and it's costing the city millions

Philadelphia Center City office buildings are selling for far below previous prices and assessed values, prompting conversions and attracting opportunistic investors amid widespread valuation declines.
Real estate
fromInquirer.com
4 days ago

Many of Philadelphia's office buildings are plummeting in value - and it's costing the city millions

Center City Philadelphia office buildings are selling for far below previous prices and assessed values, prompting purchases by residential developers and out-of-market investors.
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