Inizio Vacates One South Broad Office Space
The Philadelphia tower's occupancy has fallen to 46% as its loan remains in special servicing.
Philadelphia Commercial Real Estate News
Commercial real estate in Philadelphia runs on office, retail and industrial developments, and coverage here follows all of it. Reporting focuses on vacancy rates, property conversions and corporate leasing activity across the metropolitan area.
Recent news
November 2, 2026
Wanamaker Grand Court Gets Dining and Retail PlansPhiladelphia's zoning board approved food, beverage and retail concepts for the long-vacant Grand Court of the historic Wanamaker Building.
October 29, 2026
Standard Communities Buys Philadelphia Apartment ComplexThe firm acquired The Helston for $29.3 million to boost local affordable housing stock.
October 28, 2026
Philadelphia Zoning Board Approves Wanamaker Building EateriesThe city has cleared plans to transform the historic Wanamaker building into a mixed-use space featuring new restaurants.
October 27, 2026
Vestian Expands Commercial Real Estate to PhiladelphiaThe firm hired industry veteran Tommy Choi to lead its new Philadelphia office and target local tenant representation.
October 27, 2026
Brandywine Realty Trust Trims Debt by $390 MillionThe company completed $681 million in property sales while navigating a third-quarter net loss.
October 27, 2026
Philadelphia Receiver Pulls Former Franklin Mills MallThe former retail property in Northeast Philadelphia has been removed from the real estate market.
October 26, 2026
Independence Realty Trust to Report Earnings November 2The Philadelphia-based real estate investment trust will share its third-quarter 2026 financial results early next month.
October 22, 2026
Brandywine Realty to Sell Assets in 2027The firm plans to offload $200 million in holdings to reduce its debt burden next year.
October 21, 2026
Philadelphia Developers Propose South Broad ApartmentsA proposed five-story building at 1328-36 South Broad Street would feature 68 apartments and ground-floor commercial space.
October 21, 2026
PrimeSpace Secures $20 Million for Pier 40 FacilityThe Philadelphia self-storage property recently obtained new financing following a successful redevelopment project.
More in Commercial
Regular subjects here include office space absorption, retail corridor shifts, industrial sector growth and commercial zoning changes. Reporting reaches across the city and the communities around it. Older buildings repurposed for new uses represent a recurring theme in the city's changing streetscapes. Economic shifts and the evolving demand for in-person workspaces remain the primary factors shaping the market.