​1 Million Square Foot Office Building In Center City Philly Appraised For 25% Less Than 2021 – Tyler Durden

1 Million Square Foot Office Building In Center City Philly Appraised For 25% Less Than 2021 The 1 million square foot office building just blocks from City Hall at 18th & Market streets in Philadelphia, saw its appraisal value crushed 25% from $282.1 million in 2021 to $211.3 million this year, according to a new report from Bisnow. Citing Morningstar, the report notes that Shorenstein Properties’ office space, about 80% occupied, has been in special servicing for a year, with another property at 1700 Market St. added earlier this year. A Kroll Bond Rating Agency report reveals Philadelphia’s office market…  — Continue at ZeroHedge News : Read More