The big question on the minds of our clients is what the future holds for the office market. Four months into the pandemic lockdown, the first clear sign of a market advantage shift from landlord to tenant is the big jump in Philadelphia and suburban office subleases between the first and second quarters of 2020. CoStar…
Children’s Village is a 501(c)(3) non-profit established in 1976 as one of the first industry-related Pennsylvania licensed childcare programs in Center City Philadelphia. Executive Director Mary Graham and the organization’s board of directors have entrusted their real estate strategy to Gola for more than a decade, through multiple expansions and lease renewals. The most recent,…
Alliance Dermatology Associates moved in June to bright and beautiful new office space at 11 Friends Lane in Newtown, Pa. Brian Lafond served as their exclusive tenant representative from site search through lease negotiation and closing. Janet Dieser and Kim Kelley followed up with project management services from construction to occupancy.
“The Downsides of Working from Home,” got us talking about new norms in the commercial real estate market. Among them, landlords are doing base building improvements with touchless common areas and increasing filtration and outside air intake for HVAC, and large renovation tenants have begun asking for HVAC upgrades during lease negotiations. More subleases are…
The last few months have been uncertain at best. Almost overnight, the COVID-19 pandemic converted a majority workforce with remote work capabilities into an almost entirely remote work model. In preparation for a staged re-entry from makeshift home offices to our formal work environments, we must rethink the office landscape, how we collaborate, and even…
Construction of 30,000 square feet of new office space for Main Line Health and Main Line HealthCare at Ellis Preserve in Newtown Square resumed on May 1 following a six-week statewide moratorium on construction in response the COVID-19 pandemic. Completion and occupancy are targeted for mid to late summer. Gola, which negotiated the lease, is…
Commercial office space landlords may be seeing a silver lining amidst the coronavirus clouds due to reduced density, according to a recent Bisnow article. To view, click here.