With NY’s highly saturated market and Philadelphia’s opportunity rich frontier, New York investors have a goldmine opportunity to take advantage of the Philadelphia real estate boom.
The comparison of pricing per square foot from center city Philadelphia real estate to Manhattan, New York is about 1 to 5 in cost. However, when comparing the median household income of residents, we find it is more closely comparable to Center City Philadelphia residents making 31% more on average. The math is simple, the taxes and real estate are far cheaper yet the spending and individual buying power are greater in Philadelphia. This makes Philadelphia a no-brainer investment for expansion of New York businesses, developers, and investors.
If your business can succeed in the competitive environment of New York City, it can thrive in Philadelphia and our mission is to help our clients realize the highest and best results for their endeavors in Philadelphia.
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