Things aren't perfect in Philadelphia, but they could certainly be worse, like they are in other major markets across the country.
The office vacancy rate in the Metro area is at 14% right now, while other cities are seeing rates hitting the high teens, said Robert Walters, a senior managing director at CB Richard Ellis. In the CBD, it is between 9% and 10%.
"We're faring much better," he said. "Sure, we're in a recession. But it's milder."
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