QUAKERTOWN, PA-Asking price for the two-story, 46,000-sf property at 1900 AM Drive here, being marketed as a corporate headquarters, is $3.6 million. The leasing option is $17.50 per sf, plus utilities. The property is adjacent to 61 vacant acres.
PHILADELPHIA-Despite a 1%-hike since first-quarter in the CBD office vacancy rate and a slightly higher rise in office vacancy in the PA suburban market, average asking rental rates in both markets increased slightly in second quarter 2003, according to Smith Mack.