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Philadelphia's commercial property heats up

Office properties seeing boom in demand that has sent average price per square foot to record

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REACHING FOR THE SKY: The Comcast Center building (centre) will be next to the planned US$933 million, 1,121-foot office tower that is poised to be the country's tallest building outside of New York and Chicago.

Chicago

THE City of Brotherly Love is finally getting some affection from commercial real estate investors.

Philadelphia, where office properties last year attracted about half the investment of Washington and less than a 10th of Manhattan's total, is seeing a boom in demand that