PHILADELPHIA, PA—Investor interest in the Philadelphia Central Business District is at historically high levels, as buyers broaden their search for new investment opportunities, according to Douglas Rodio, a managing director at Jones Lang LaSalle in Philadelphia.
Rodio, moderating the Capital Markets panel at ALM's RealShare Philadelphia Conference February 9 at the historic Union League Club, tells GlobeSt.com exclusively that new capital inflows are likely to continue this year.
"In my twelve years selling investment real estate in Greater Philadelphia I've never seen this much interest in the Philadelphia CBD," says Rodio. "We've seen more buyers that typically focused only on gateway markets expanding their investment criteria to include Philadelphia, which I believe is the most in-demand non-gateway market in the country."
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