Reading, PA Real Estate News

By Bryan Cole
(NAI Keystone Commercial & Industrial, LLC)
The Greater Reading office sector is showing continuous growth with most of the activity surrounding the Wyomissing / Spring Ridge area.  Tenants cite the central location, access to quality workforce and nearby supporting services as reasons to locate here. Suburban vacancy rates have slightly increased from 7.5% to 10.5% in Class "A" Buildings as a result of increased new speculative building. Although the vacancy rates are showing increases, the market continues to be very competitive with gross rates topping $20 per foot on a regular basis. The Class "B" sector is experiencing a 15.7 vacancy rate, up from 8.5% largely due to larger corporations moving from Class "B" buildings into larger blocks of contiguous space in Class "A" buildings.  Most of this activity seen has been from bus...
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