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Top News in Philly Development: May 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 April news.

Real Estate Trends and Market Updates:

Philly metro market is moderately difficult for first-time home buyers, report finds
Where: The Philadelphia Inquirer
What: According to a recent report on living costs, first-time home buyers in Philly may struggle more than the national average to get settled.

Do I have to pay my rent? Renters rights in Philadelphia during the coronavirus pandemic.
Where: The Philadelphia Inquirer
What: If you are struggling with rent in Philadelphia amid the Coronavirus Pandemic, don’t panic just yet: The Philadelphia Inquirer has a list of several options you can take

Steinbridge Plans to Expand Philadelphia Footprint this Year
Where: Bisnow
What: Steinbridge Group CEO Tawan Davis has plans to expand his Philadelphia Real Estate holdings, as the city still remains as one of the few metros least-impacted by the coronavirus.

New Service Will Guide You to the Suburb That’s Just Right for You
Where: Philly Mag
What: Suburban Jungle, a new service launched in Philadelphia, aims to offer homebuyers guides who can steer them to the neighborhood that’s right for them.

Philadelphia’s economy is made up of 99.7% small businesses. What does that mean for recovery?
Where: Technical.ly
What: Philadelphia thrives on small, independent businesses. According to reports, hope for recovery depends on how plans to open the U.S. economy unfold.

Home desks won’t replace Philly’s high-rise office towers anytime soon, analysts say
Where: WHYY
What: Philadelphia’s mature and diverse office economy may be what keeps plans to open new high-rises and return to the traditional use of office space possible.

Virtual Staging Helps Buyers Imagine the Possibilities in an Empty Home
Where: Philadelphia Inquirer
What: When selling a home, Virtual Staging is a cost-efficient and cutting-edge tool to consider for giving empty spaces the flare they need

Q1 Data Paints Positive Picture of Philadelphia’s Office Market
Where: Bisnow
What: A recent report suggests that Philadelphia’s office market is still going strong, and may withstand the economic strain caused by the coronavirus pandemic.

Returning Rent, Heading Online: Shared Workspaces Try to Keep Tenants During Pandemic
Where: NBC Philadelphia
What: Coworking Spaces have been slammed economically by the coronavirus pandemic, and many are struggling to keep tenants.

Off the Market: Community Land Trusts in Philadelphia
Where: The Legal Intelligencer
What: In Philadelphia, land and home prices have soared to unthinkable levels, causing conventional homeownership to recede as an accessible option for more and more Philly families.

ULI Philadelphia Delivers Inaugural UrbanPlan Program at University of Pennsylvania
Where: Philadelphia.ULI.ORG
What: ULI Philadelphia has launched its UrbanPlan program at the University of Pennsylvania, where it will engage in simulation exercises that teach participants about market and non-market forces that shape real estate development in our communities.

Openings and Up-and-Coming Development Projects:

PA Construction Sites Can Reopen May 1. What will that look like?
Where: The Philadelphia inquirer
What: Construction sites in Pennsylvania will start their work again on May 1st, as long as they adhere to coronavirus safety precautions, which includes social distancing.

The Arts and Architecture:

The Lighting Practice Announces The Rail Park to Receive Grand Jury Award
Where: AIA Philadelphia.Org
What: The Rail Park is being awarded by the Preservation Alliance for Greater Philadelphia with a 2020 Grand Jury Award, in honor of its innovative design and transformation.

Do you have questions about Philly’s changing neighborhoods and real estate trends? Reach out to Christina Briglia, Realtor, anytime at 267.231.5484 or phc.christina@gmail.com.

Category: News
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