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Top News in Philly Development: June 2020

Ever feel like Philly changes so fast you can’t keep up? No sweat. We’ll be bringing you our favorite articles from the month on Philly development – North, South, East, and West. See below for a roundup of all the best local articles from May news.

Real Estate Trends and Market Updates:

Philadelphia Commercial Real Estate Wrap-Up – May 2020
Where: cpexecutive.come
What: Despite lockdown orders still in effect all across the Philly area, the city is booming with brand new commercial Real Estate development.

Kenney Scraps Philly Property Tax Increase, Citing State Help
Where: NBC10 Philadelphia
What: Philadelphia Mayor Jim Kenney has scrapped plans to implement a citywide property tax increase.

Philly-area industrial leases approach pre-pandemic levels on e-commerce demand: Report
Where: The Philadelphia Inquirer
What: Good news for Industrial Development in Philly: Leasing has returned to near pre-pandemic levels as companies snapped up space in the densely populated area to support growing online grocery operations and other e-commerce businesses.

Buyers and renters are moving into homes without seeing them first
Where: The Frederick News Post
What: Restrictions on open houses have not stopped buyers and renters all across Philly from moving into homes without seeing them first. Here’s the scoop on the tech helping them do that.

Philadelphia to begin enforcing coronavirus protocols at construction sites, fine for violations
Where: Philadelphia Business Journal
What: Fines will be instituted for coronavirus safety violations as Philadelphia begins to enforce new protocols at construction sites.

Philadelphia Industrial Market Weathers Pandemic As New York Activity Spills Over
Where: bisnow
What: The strength of Industrial Real Estate development in the Philadelphia area continues to grow amidst the pandemic, usurping other commercial real estate classes, studies show.

Commercial property buyers are watching for deals following the pandemic
Where: The Philadelphia Inquirer
What: The recent pandemic has sparked a potential for excellent deals on commercial property, and buyers are keeping close watch as they look to expand business development in the city.

Openings and Up-and-Coming Development Projects:

Equus buys office complex from ADP Inc. to build 300 luxury apartments
Where: The Philadelphia Inquirer
What: Say Hello to the new Madison Fort Washington apartment complex, a new real estate development project boasting 300 luxury apartments by Philadelphia-based Equus Capital Partners.

The Arts and Architecture:

These Are 10 of the Coolest, Oldest and Most Storied Trees in Philadelphia
Where: Phillymag
What: Philadelphia is a city flourishing in rich history that includes more than cobblestone roads, but nature as well. Check out stories and even mysteries from 10 of some of the coolest and oldest trees in the city.

Category: News
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