Philadelphia Office Buildings Lose 6% in Assessed Value, But Losses Could Grow
“The appraisal community felt that they needed to see the data points and sales that reflected the turmoil that the market was in. Now that we have these sales, there’s no longer an excuse for anybody, be it appraisers or the city, to keep its head in the sand.”
Larry Arem was quoted in the Philadelphia Business Journal article “Philadelphia Office Buildings Lose 6% in Assessed Value, But Losses Could Grow,” on August 9, 2024.
Please note: to view this article online, a subscription may be required. If you do not have a subscription and are interested in learning more, please contact Larry Arem.