Downtown Philadelphia Essay by Calwriter

Downtown Philadelphia
This paper analyzes the office market of the central business district of Philadelphia.
# 55375 | 865 words | 5 sources | APA | 2004 | US
Published on Jan 28, 2005 in Business (Finance, Investment and Banking) , Geography (General) , Tourism (General)


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Description:

This paper explains that Philadelphia's role as the dominant force in the regional economy has slipped because, not only is the market likely to be flooded with open office space, thus driving down rents, but also business offices are spreading out into the region. The author points out that a decline in demand combined with a flood in supply does not bode well for the purchase of the proposed real estate property. The paper recommends not to purchase office space in the CBD of Philadelphia, but rather to purchase or invest in hotel property because tourism in this district is showing a steady growth.

Table of Contents
Local Economy
Competitive Supply
Competitive Demand
Conclusion

Cite this Essay:

APA Format

Downtown Philadelphia (2005, January 28) Retrieved February 28, 2020, from https://www.academon.com/essay/downtown-philadelphia-55375/

MLA Format

"Downtown Philadelphia" 28 January 2005. Web. 28 February. 2020. <https://www.academon.com/essay/downtown-philadelphia-55375/>

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