Liberty Property Trust plans to charge rents "that are
high $30s [per square foot], kissing $40," to Comcast and any additional
tenants for the company's planned second Center City office tower, Liberty boss
Bill Hankowsky told investors during a conference call this week.
That's higher than today's top asking rents for the priciest
Philadelphia space. In Philadelphia's slow-grow office market, average leasing
costs are little changed since the 1990s, and significantly lower than in New
York, Boston or Washington. The new Comcast tower is a step up.
"Obviously, higher floors will charge more than lower
floors," Hankowsky added.
Source: Philly.com
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