December 11, 1986 |
Faced with an office building boom and a government funding bust, a City Council committee yesterday began looking at a way to spread the wealth by siphoning some money from big Center City developers into neighborhood development. Community groups representing neighborhood interests called for the city to charge developers several dollars for each square foot of office space they build and to put the money into a fund for job-training, housing and building up neighborhood shopping centers and small industry.
December 6, 1989 |
Pemberton Borough's municipal offices are in an old bank, built in 1907, with five rooms - including the bathroom - on Hanover Street, the town's main street. Although the borough is small, with fewer than 1,200 people, the municipal building does not have enough space for many of the employees to store their files, much less to sit down and work. And there are problems other than space. According to Mayor F. Lyman Simpkins, the state is requiring that all court systems be on a state computer system by 1992.
August 5, 1987 |
A study to determine whether more federal office space is needed in Philadelphia was authorized yesterday by the U.S. House Public Works and Transportation Committee, a spokesman for Rep. Robert A. Borski said. The measure directs the General Services Administration, which manages government buildings and property, to "investigate the feasibility and need for the construction or acquisition of federal buildings" in Philadelphia. Although the resolution gives no deadline for completing the study, a GSA official in Philadelphia said he expected the agency to complete the study within 60 days.
October 2, 1988 |
Commercial office space is more difficult to find in Jenkintown than in any other area in the Philadelphia suburbs, according to a survey by an area real estate firm. As of June, Jenkintown had a vacancy rate of 7.6 percent, the lowest in a survey conducted by Helmsley-Greenfield in King of Prussia. The rate is 2.8 percent less than in December 1987. The borough overtook Bala Cynwyd as the area with the lowest vacancy rate in the suburbs because a 400,000-square-foot office building is under construction in Bala Cynwyd.
April 8, 1998 |
Bucks County District Attorney Alan Rubenstein has tripped over the last extension cord, squeezed through the last narrow walkway and inched past the last overcrowded workspace. Yesterday - after three years of complaining - Rubenstein sued to get more office space. His heavy-hitter attorney, Richard A. Sprague, filed the lawsuit yesterday in Bucks County Court, accusing County Commissioners Michael G. Fitzpatrick, Charles H. Martin and Sandra A. Miller of failing to provide adequate space in the DA's office.
June 19, 2007 |
Three years ago, with office vacancies in the upper teens and rents plunging, some building owners predicted hard times if a new skyscraper came onto the downtown scene. One owner, David Campoli, contended in 2004, during the public debate over public subsidies for a proposed 57-story high-rise for Comcast Corp., that the "Center City market is very bad. . . . There are 184 full-floor vacancies. " From 2000 to 2004, the city lost about 33,000 jobs. But seemingly against the odds, Center City pulled a rubber-burning 180-degree turn.
February 25, 1988 |
Pasquale Real Estate of King of Prussia announces plans to build an additional 500,000 square feet of office space within the 220-acre Gulph Mills business park. In an attempt to enhance the image of Renaissance at Gulph Mills in the park, the new buildings will offer office space ranging from 23,000 to 31,000 square feet. According to Gene Tippens, vice president of sales administration for Pasquale, the building can accommodate tenants needing as little as 2,000 square feet. The business park is on Route 320 one mile north of the Gulph Mills interchange of the Schuylkill Expressway.
February 13, 1995 |
The amount of available suburban office space is becoming tighter for big corporate tenants, according to an annual year-end survey by CB Commercial Real Estate Group Inc. of Wayne. The survey showed that 4.31 million square feet, or 13.42 percent, of space was vacant at the end of 1994, versus the vacancy rate of 14.43 percent in December 1993. The survey included 520 office buildings, each with a minimum of 30,000 square feet, in 11 suburban areas. The market is getting tighter for two reasons, said Robert W. Walters, CB Commercial's executive vice president.
November 27, 2006 |
Laptop bag in hand, Gary McQuitty, 37, settled in at his favorite table at Chapterhouse Cafe & Gallery, in front, where the WiFi signal was strongest. The computer programmer has worked nearly full time in coffeehouses since he began freelancing in 2003 after his job at a small software company in Conshohocken was outsourced to India. He frequently meets clients at coffeehouses, and has gained new ones by talking to other customers. McQuitty has a home office, but says he would "go out of my mind being stuck in my basement, working by myself all the time.
July 10, 1989 |
After a frenzied five years of new construction that has produced a glut of office space in the Philadelphia region, the amount of vacant space appears to be shrinking, according to recent surveys by area real estate firms. But real estate executives predict that the oversupply could increase again late next year, when new office towers are finished. Statistics compiled for the first six months of the year by five of the area's largest commercial real estate firms show a Center City office vacancy rate ranging between 9.89 and 13 percent.